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11-12-2019 (Perth)

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Joint Venture Auditing in the Oil & Gas Industry

2-Day Training Course: Examine concepts, principles and practices specific to Joint Venture Audits in the international oil and gas industry. Gain practical insights into planning and executing joint venture audits that can be effectively applied in the workplace.

Perth | 11-12 December 2019

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Key Learning Objectives

  • Gain an improved insight into the major areas of expenditure and the audit issues that frequently arise in a joint venture audit
  • Understand drilling operations and the audit risks arising from cost allocations
  • Understand the main agreements (JOA and PSC) used in the industry
  • Understand the distinct roles of the joint venture auditor and government auditor
  • A hands-on ability to analyse a transaction listing (JADE) for audit planning
  • Understand revenue accounting and the implications for audit

About the Course

This 2-day training course examines auditing concepts, principles and practices specific to the international oil and gas industry. Course participants will gain an insight into audit planning methodology, a detailed understanding of audit methodology relating to complex audit issues. This course will also impart hands-on application that can be implemented in the workplace with immediate results. The course will also provide insights into Joint Operating Agreements (JOA) and Production Sharing Contracts (PSC) and their differences.

Who Will Benefit

  • Auditors with experience in the industry and need more in-depth understanding of the joint venture audit process
  • Finance personnel who need a deeper and more hands-on understanding of joint venture audits
  • Managers who wants a more hands on understanding of the joint venture audit
  • Treasury and tax specialists who want a broader understanding of the auditing issues


Packages Price
2 Day Training 2019$2895$2795+GSTEarly BirdEarly Bird
  • Special rate $2,236 + GST (per person) when you book for four or more participants, please call us today on 02 9080 4307 or email to take advantage of this offer.

Location, dates & pricing

Perth // 11-12 December 2019
Super Early Bird rate: $2,595 + GST (Save $300). Use code P19GL23PE2. Expires by 1 Nov 2019.
Early Bird rate: $2,795 + GST. Expires by 22 Nov 2019.
Standard rate: $2,895 + GST. From 23 Nov 2019.


Inderpal Singh


“The instructor is friendly, knowledgeable and willing to support students individually.”
Project Manager, Dar Petroleum

“I really enjoyed this course, the knowledge is very useful and I can’t wait to contribute more at my workplace.”
Assistant Accountant, Osaka Gas Australia

Course Outline


  • Understanding the role of the joint venture audit
  • Audit rights of the joint venture partners
  • Identifying key risk areas in a joint venture audit
  • Understanding cost allocations and their impact on the audit


Group discussion on the key risks in a JV audit
Group discussion on common issues faced by joint venture partners in conducting an audit
Group activity on cost allocations and implications for the joint venture audit


  • Overview of drilling operations and impact on audit risk
  • Planning the JV Audit
  • Analysing the electronic transaction listing
  • Audit reports and managing the close out of joint venture audits


Group discussion based on drilling operations and their impact on the audit
Group activity on cost allocation; for example the allocation of support vessel costs and diesel fuel
Group activity on analysing an electronic transaction listing

when & where

11 - 12 Dec 2019


On-site & in-house training

Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

Talk to us about an on-site/in-house & customised solution.

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