Finance Auditing in Oil and Gas

 You will get an understanding of the principles and practices applied in auditing activities undertaken in the upstream oil and gas industry. 

Admissions are ongoing

About This Course

This course will teach you how to develop and apply a structured methodology for conducting upstream oil industry joint venture and Production Sharing Contracts (PSC) audits.

You will therefore be able to prepare financial statements in line with IFRS and make strategic decisions to improve financial performance of your organization. In addition, the development, monitoring and continued improvement of a highly-integrated, internal audit function will aid continued financial success, stability and growth.

What you will learn

The commercial aspects that underpin the industry
• Commercial considerations – risk v. reward.

• Petroleum prospecting and exploration considerations.
The Government’s key role in the hydrocarbon industry
• The role of governments and their agencies.
• Managing overseas investment (production v. service
contract)
• Production sharing contracts.
Principles of auditing related to oil and gas activities
• Principles I – ethical conduct, fair presentation and due care
• Principles II – independence and evidence.

Audit techniques
• Overview – five phases of an audit cycle

• Planning – preparation, planning and strategy

Target Group

  • Personnel from finance, audit and tax departments in government and its regulatory authorities

Meet the team

Geoffery Killick

Program director

Irene Kawala
Director Corporate Academy
i.kawala@virtualuni.ac.ug
+256 759 793 968

Bayigga Haula
Coordinator School of Energy and Hydrocarbons
h.bayigga@virtualuni.ac.ug

  • Duration:

1 weeks

  • Mode of Delivery:

Online 

  • Cost:

$ 700 – Uganda
$ 900 – International

  • Email :
corporate@virtualuni.ac.ug
  • Phone :

+256 700 518 378