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Hosting a Joint Venture Audit

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overview

Key Learning Objectives

  • Role and responsibility of Operator in hosting a joint venture audit
  • Key aspects of the Joint Operating Agreement to consider when hosting an audit
  • Common challenges faced by Operator and Non-Operator auditors during an audit
  • Managing audit queries and audit findings
  • Responding to audit claims and managing close out of joint venture audits

About the Course

This one-day training course examines the role and responsibility of the Operator hosting a joint venture audit. Operators’ rights and obligations are discussed in depth against a backdrop of the Joint Operating Agreement. Course participants will gain an insight into the practical steps that go into planning and preparing to host a joint venture audit. This course will impart hands-on application that can be implemented in the workplace with immediate results.

Who Will Benefit

  • Audit Co-ordinators who host joint venture audits on behalf of Operators
  • Finance personnel who are involved in preparing for joint venture audits and responding to audit queries
  • Operators’ Managers who are responsible for joint ventures being audited

Testimonials

“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

Agenda

  • Understanding the role and responsibility of the Operator in hosting joint venture audit
  • Understanding the audit rights of the joint venture partners
  • Evaluating the relevant provisions in the Joint Operating Agreement relevant to joint venture audits
  • Considering practical solutions to resolving common challenges arising during the joint venture audit
  • Managing audit queries and responding to audit reports
  • Managing the resolution and closure of audit claims

Activities:

Group discussion on the role and responsibility of the Operator
Group discussion on audit rights of the joint venture partners and their auditors
Group activity on resolving potential conflicts that arise during a joint venture audit
Group activity on addressing audit queries, responding to audit reports and closure of audit claims

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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