This course provides the most recent elements and reflections on companies governance and key issues specific to the Oil & Gas upstream companies, except for contracts audit which is treated in a separate course (upstream contracts audit).
Public :
Professionals in charge of implementing internal control and procedures, managers and independent board members wanting to know the best practices, to technical staff called to move to the internal audit of their company.
Level :Skilled
Prerequisite :
Basic knowledge of the contractual and financial environment of E&P.
Course Content
GOVERNANCE OF COMPANIES
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Duration : 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.
AUDIT & INTERNAL CONTROL
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Duration : 2 Days
Definition.
Code of conduct and internal audit.
International standards of internal audit.
Internal control and the COSO referential.
Risk definition and management.
Fraud definition, types and prevention.
Introduction to internal audit methods.
OIL & GAS SPECIFIC ISSUES
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Duration : 0.5 Day
FCPA compliance.
New reporting requirements for listed companies.
Reserves, payments to States, emission certificates.
BEST PRACTICES STUDY
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Duration : 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.
Learning Objectives
Attendees will be able to implement the following skills:
Obtain a global understanding of the problems attached to company's governance,
Know the most recent solutions developed and implemented in internal control of companies,
Analyze the human and financial resources needed to ensure the financial safety of the company,
Lead or supervise the creation of an internal audit.
Ways & Means
Discussions on key issues and examples from the news.
Learning assessment
Participants will be evaluated during the training through quizzes and case studies.
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Coordinator :IFP Training instructors, with expertise in the field and trained in modern teaching methods adapted to the specific needs of learners from the professional world.
To French entities : IFP Training is referenced to DataDock ; you may contact your OPCO about potential funding.
Please contact our disabled persons referent to check the accessibility of this training program : referent.handicap@ifptraining.com
IFPT Account
