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Governance of an E&P Company

5 days GIP/GEPC
  • Professionals in charge of implementing internal control and procedures, to managers and independent board members wanting to know the best practices, to technical staff called to move to the internal audit of their company
  • To present the most recent elements and reflections on companies governance and some issues specific to the oil & gas upstream companies, except contracts audit which are treated in a separate course (upstream contracts audit)
Learning Objectives
  • Upon completion of the course, participants will be able:
  • to obtain a global understanding of the problems attached to company's governance
  • to know the most recent solutions developed and implemented in internal control of companies
  • to analyze the human and financial resources needed to ensure the financial safety of the company
  • to lead or supervise the creation of an internal audit
Ways and means
  • Discussions on key issues

Governance of companies 1.5 days
  • Internal control: where and when
  • Principles of financial security
  • Definition of audit, norms and standards
  • Internal control: definition, modalities
  • Internal audit, external audit
  • Audit committee, Certified Public Accountants (CPAs) and external auditors
Methodology of financial audit 0.5 day
  • Audit techniques
  • System of proofs
  • Audit process
  • Documentation
Auditors qualifications 0.5 day
  • Audit standards
  • Auditors initial and continuing education
  • Behavior rules
Conduct of an audit 1 day
  • Preparation of the audit
  • During the audit
  • Conclusion of the audit
  • Supervisor's role
  • Audit report and follow-up
Oil & gas specific issues 0.5 day
  • FCPA compliance
  • New reporting requirements for listed companies
  • Reserves, payments to States, emission certificates
Conclusions: best practices 1 day
  • Errors, creative accounting and aggressive accounting: assessment of the risks
  • Institutional answers in the USA and in the European Union
  • Company's organization
  • Developing an internal culture of financial safety
2016 course calendar
Language Dates Location Tuition Register
Oct 24 - 28 Rueil €3,480 Online By email
Nov 21 - 25 Rueil €3,480 Online