Quality & Compliance · 5 Days · Public · Accredited by ASQ · From USD 4,500
Overview
International Standards on Auditing (ISAs) developed by The International Auditing and Assurance Standards Board (IAASB) are being adopted by more and more countries and now represent the main global auditing standards. The audit considerations in this programme will focus on ISA requirements and target audit risk areas that are pertinent to the audit of the financial statements of oil and gas companies. This highly interactive programme focuses on the correct application of the ISAs and common auditing issues that occur regularly in practice.
Learning Objectives
Understand the role of the external and internal auditor and the confidence they give to investors in oil and gas companies
Understand how oil and gas companies work and the associated risks connected with such companies
Understand the importance of communication with the client, the audit team and possibly with regulators in a whistle-blowing situation
Understanding how fraud can impact on an audit and the auditors responsibilities in this respect
Gain a thorough understanding of the fieldwork required in all areas of the audit file and typical problems and issues
Understand the audit completion process
Understand how the audit opinion is derived and communicated along with weaknesses found during the audit process
Who Should Attend
Directors
Departmental Heads
HSE Managers and Advisors
Those persons responsible for leading safety within an organisation at a global, regional or local level
Those seeking new concepts in aiming for zero exposure to workplace accidents, incidents, illness and injuries as well as others that are interested in developing safety leadership skills from tomorrow’s best practices
Directors
Departmental Heads
HSE Managers and Advisors
Course Outline
Day 1 — Oil and Gas Companies – understanding the industry and…
Oil and gas value chain and significant accounting issues
Upstream, midstream and downstream activities
Laws and Regulations
Emerging Risk Areas
Day 2 — Revenue recognition – contracts
Auditing shutdown management
Auditing Joint Ventures
Auditing outsourced operations
Due diligence programs on third parties
Day 3 — Reserves reporting issues
Fraud, fraud prevention and detection
Procurement issues
An effective internal audit function in oil and gas companies
Operational audits
Day 4 — Decommissioning and environmental provisions
Non-current assets and impairment
Auditing oil and gas reserves
Relying on the work of experts
Financial Instruments
Day 5 — Other auditing issues
Governance issues
Sarbanes Oxley
External and Internal Audit Reports
Corporate Boards – perspective on risk and compliance issues
Accreditation
Accredited by ASQ. On completion delegates receive an Al-Khobraa certificate of achievement.
Yes. Seminar Concerning Oil Field Audit is accredited by ASQ. Delegates who complete the course receive an ASQ-accredited certificate issued through Al-Khobraa, a Saudi-registered training provider.
How long is Seminar Concerning Oil Field Audit?
Seminar Concerning Oil Field Audit runs over 5 days. The exact dates and start city for every confirmed session are listed in the dates section on this page.
How much does Seminar Concerning Oil Field Audit cost?
The fee for Seminar Concerning Oil Field Audit is USD 4,500 per delegate. Each confirmed session shows its own fee on this page, and in-house delivery for a team is quoted separately. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support.
Where is Seminar Concerning Oil Field Audit held, and can I attend online?
Confirmed classroom sessions run in Istanbul and Yalova. A live virtual classroom can be arranged on request.
Can Seminar Concerning Oil Field Audit be delivered in-house for our team?
Yes. Seminar Concerning Oil Field Audit can be delivered in-house at your own premises anywhere in Saudi Arabia or the wider GCC, with the content, dates and language tailored to your team. Contact Al-Khobraa for a quotation.