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Live Online Training Course:
Joint Venture Auditing in the Oil & Gas Industry

Live Online 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.

4-Part series | 4 hours per Part | Over 4 days
December 2020 Course: 10 December | 11 December | 17 December | 18 December

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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 live online 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


Inderpal Singh

Live Online Training

Learn Anywhere, Learn Anytime
Catering to meet all your learning needs:

  • Get high quality practical training from our expert instructors
  • From Face To Face, Online and Blended Learning, get a superior solution for your learning needs
  • Learn live online in an interactive environment
  • Invest in yourself. Invest in your team.

Register today for our Live Online Training courses and fi nd out how they can help you transform the way you work. Contact one of our training consultants on to find out more.

View Live Online Training Brochure


“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

10 Dec 2020

Live Online Training

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.


Still have a question?

Sushil Kunwar
Training Consultant
+61 (0)2 9080 4395

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