Course Description

More and more countries are implementing International Standards on Auditing established by the International Auditing and Assurance Standards Board (IAASB), which are now the primary global auditing standards. The audit criteria in this training will concentrate on the ISA specifications and target audit risk areas related to the audit of the oil and gas companies’ financial statements. This course focuses on the proper implementation of the ISAs and raising problems in auditing that occur routinely in practice. During this course, participants will learn about auditing the risk areas in oil and gas companies, consider the effect of fraud in these companies and formulate controls and measures for fraud prevention and detection, prepare, perform and conclude an external audit in the most effective manner, while gaining useful insights into audit concerns in all areas of the audit file.

Course Objectives:

At the end of this course, participants will be able to:

• Explain the position of the external and internal auditor and the confidence they offer investors in oil and gas businesses.
• Demonstrate a sound knowledge of the nature of oil and gas firms and the associated threats linked to these businesses
• Acquire a detailed understanding of the relevant fieldwork in all areas of the audit file and usual issues and problems.
• State the process of conducting an audit
• Point out the issues in corporate governance

Who should attend?

• Internal and External Auditors dealing with Oil and Gas firms
• Management and Financial employees within audit firms that deal with Oil and Gas companies.

Delivery Method: Lectures, discussions, syndicate work, case studies, role – play and group exercises. Audio – Visual aids will be used to reinforce these training and learning methods.

Venue:  

Fee:  

Duration: 1 Week

Course Date: July 17th – 21st, 2023