The Mastering Auditing in Oil and Gas Industry Training Course is designed for professionals working in high value, asset-intensive industries where a single compliance failure or operational failure can equate to serious financial and reputational risk. This program connects audit practices to the realities of corporate decision-making, complex asset portfolios, multi-country operations and energy sector regulations. It allows participants to shift their auditing perspective from traditional check-list thinking to strategic assurance that provides confidence towards improved governance, the reduction of risk exposures and certainty of operations.
Offered by the Imperial Corporate Training Institute, the course details how oil and gas companies maintain transparent controls across upstream, midstream and downstream business lines. Participants will learn how to assess internal systems, confirm operational integrity, benchmark financial controls and identify and manage vulnerabilities across production operations, supply chain, procurement, logistics and joint-venture arrangements. By the end of the course, individuals will be able to connect audit findings to corporate strategy, their risk management priorities and the company’s cost efficiency, making the training program a practical tool for performance improvement.
Objectives
At the end of this course attendees will be able to:
- Enhance the ability of participants to design, plan and undertake audits designed specifically for the oil and gas sector.
- Assist professionals in recognizing financial, operational, technical and compliance risks in all aspects of the Petroleum Value Chain.
- Prepare participants with the analytical skills to assess internal controls in higher risk corporate environments.
- Empower participants to use audit evidence, sampling protocols and documentation, aligned to international auditing standards.
- Improve understanding of asset integrity, health and safety standards and environmental responsibilities to the industry.
- Support auditors in examining procurement processes, vendor management and supply accountability.
- Support participants in reviewing contracts, cost recovery regimes, JV agreements and production sharing plans.
- Develop the skill to conduct operational audits of drilling, facilities, refinery operations and pipeline systems.
- Improve reporting skills to deliver and articulate value adding audit findings to executive teams and corporate boards.
- Improve decision-making by enabling auditors to link audit results to performance metrics, risk management and regulatory compliance.
Target Audience
This course is ideal for:
- Internal audit staff specializing in upstream, midstream, or downstream operations.
- Compliance, governance, quality assurance, or enterprise risk professionals.
- Finance managers, cost controllers, and accountants engaged in operational or financial due diligence.
- Engineers and technical supervisors responsible for operational performance and safety compliance.
- Supply chain, procurement, or contract management professionals.
- Managers involved in corporate assurance or performance oversight.
- Executives looking to strengthen internal audit in their global oil and gas portfolios.
- Anyone transitioning to an auditing role (full-time) in energy-sector organisations.