The Oil and Gas Regulatory Audit and Compliance Training Course offered by Imperial Corporate Training Institute was created to provide the essential knowledge and skills required to navigate the complicated regulatory environment of oil and gas joint ventures.
The course stresses the need to understand the requirements related to the compliance of the regulatory system, along with auditing principles and current industry standards, and how the regulatory system can protect the integrity of the operational and financial results of joint-venture operations. Participants will gain practical knowledge of audit plan development, risk assessment, and the ability to comply with statutory obligations and the contractual obligations of all parties involved. Participants will learn to implement audit procedures in accordance with the international audit standards and establish compliance frameworks, thereby reducing the amount of regulatory risks associated with working in the oil and gas industry.
Participants in the course will review real-world case studies that depict the challenges of performing regulatory oversight of oil and gas joint ventures and make decisions that result in increased transparency, accountability, and compliance in the operations of the oil and gas sector. All participants will leave the course having gained firsthand experience of the regulatory audit and compliance auditing functions in the oil and gas sector.
Objectives
By the end of this course, participants will be able to:
- Become familiar with the compliance requirements as they pertain to oil and gas joint ventures.
- Use audit methodology to assess and evaluate the operational and financial processes of JVs.
- Recognise the risks and develop strategies to ensure compliance with legal and contractual agreements.
- Create effective audit programs for monitoring compliance with laws and regulations, and provide accurate reporting of compliance audit findings.
- Improve the ability to make decisions based on regulatory and operational issues related to joint ventures.
Target Audience
This course is designed for:
- Audit and compliance professionals working in the oil and gas industry.
- Managers of joint ventures, financial controllers, and project accountants.
- Regulatory affairs specialists and internal auditors.
- Professionals involved in contract administration, risk management, and corporate governance.
- Anyone who wishes to gain advanced knowledge regarding the compliance and audit standards applicable to oil and gas joint ventures.