Imperial Corporate Training Institute offers an online training program for professionals who work in the oil and gas industry, providing them with the knowledge and skills to effectively manage their organisations’ QMS requirements. The course covers both QMS and IFRS about the oil and gas sector to provide participants with an understanding of the unique regulatory, financial, and operational challenges faced by this industry. Successful financial reporting must be structured and accurate, providing a level of internal transparency to support global compliance.
The complete programme will develop the auditing skills and analytical techniques necessary to evaluate the QMS framework and its relationship to IFRS in the Oil and Gas sector. Audit Planning, Risk Identification, Internal Review Processes, and Development of Operational Controls will be emphasised throughout the training course. By completing this complete programme, participants will have a clear understanding of how to carry out a professional compliance audit, verify the integrity of processes and assess the accuracy of the reporting within both the upstream and downstream parts of the industry. The use of practical examples, case studies, and modules that align with industry practices will train participants to support decision-makers, improve operational efficiency, and maintain the high standards of audit quality associated with the oil and gas sector.
Objectives
By completing the QMS and IFRS Compliance Audit for Oil and Gas Training Course, participants will be able to:
- Know the basic characteristics of quality management systems (QMS) as they relate to the oil and gas industry.
- Use International Financial Reporting Standards (IFRS) to establish and assess compliance with accurate financial reporting documents.
- Undertake structured, professional and reliable auditing work tailored to the company’s operating and financial needs.
- Evaluate and create effective operating controls that reduce risk unique to the oil and gas industry.
- Refine the documentation systems for each process, which will allow for greater transparency in an audit of those processes.
- Translate audit findings into actionable plans for improvement.
- Build the effectiveness of the company’s internal control functions to be aligned with compliance to regulatory authorities, finance, and quality.
- Develop a connection between the requirements of a quality management system and compliance with IFRS to create an integrated financial and operational performance.
- Establish a system of ongoing monitoring, as a way to ensure consistency with the company’s internal audit department over time.
Target Audience
This training course is ideal for professionals working in oil and gas, particularly those responsible for quality, auditing, finance, and operational management. It is especially beneficial for:
- Quality Assurance Managers and Officers
- Internal Auditors and Compliance Specialists
- Financial Controllers and IFRS Reporting Teams
- Operations Managers and Supervisors
- Risk and Control Analysts
- Supply Chain and Procurement Professionals
- Oil and Gas Accountants and Financial Analysts
- Professionals seeking to enhance their knowledge of financial reporting, audit procedures, and operational controls within the energy sector
- Anyone involved in regulatory alignment, QMS maintenance, or cross-functional audit processes