Global Learning for Operational Leaders
Classroom
14 sessions
Scroll for more
Online / Live
14 sessions
Scroll for more
Introduction
Course overview
The oil and gas industry is exposed to significant fraud risks because of large contracts, complex joint ventures, high-value inventories and operations in high-risk jurisdictions. Procurement fraud, billing irregularities, theft of products and corruption can cause major losses.
This Aractech course explains common fraud schemes in oil and gas, fraud risk assessment, anti-fraud controls, financial audit procedures for key processes, data analytics for fraud detection, investigation basics and reporting. Participants analyse realistic cases and design fraud prevention measures.
The course combines audit, forensic and industry perspectives.
What you will achieve
Learning objectives
- Identify common fraud schemes in oil and gas
- Conduct fraud risk assessments
- Design preventive and detective controls
- Perform financial audit procedures on key processes
- Use analytics to detect fraud indicators
- Respond to and report suspected fraud
Who should attend
Target audience
- Internal and external auditors
- Finance managers and controllers
- Compliance and ethics officers
- Procurement and contract staff
- Fraud investigators
- Joint venture auditors
Methodology
Learning approach
- Case-based learning
- Fraud risk workshops
- Data analytics exercises
- Audit programme design
- Group discussions
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Fraud in the Oil and Gas Industry
- Fraud triangle
- Industry fraud schemes
- Corruption and bribery risks
- Costs of fraud
- Coffee break
- Costs of fraud (continued)
- Regulatory expectations
- Case study: Industry fraud
Day 2
Fraud Risk Assessment
- Assessment approach
- High-risk processes
- Red flags
- Control mapping
- Coffee break
- Control mapping (continued)
- Prioritisation
- Workshop: Fraud risk assessment
Day 3
Financial Audit of Key Processes
- Procurement and payments
- Contractor billing
- Inventory and products
- Revenue and lifting
- Coffee break
- Revenue and lifting (continued)
- Joint venture costs
- Exercise: Audit programme
Day 4
Analytics and Detection
- Data sources
- Analytics tests
- Duplicate and anomaly detection
- Continuous monitoring
- Coffee break
- Continuous monitoring (continued)
- Interpreting results
- Lab: Fraud analytics
Day 5
Response and Prevention
- Investigation basics
- Evidence handling
- Reporting
- Coffee break
- Reporting (continued)
- Remediation
- Anti-fraud culture
- Capstone: Fraud prevention plan
FAQ
Frequently asked questions
What does Fraud Prevention and Financial Audit in Oil and Gas (OG-061) cover?
This course covers Oil and Gas through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 9 - 13 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Internal and external auditors, Finance managers and controllers, Compliance and ethics officers
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Vienna, Barcelona, Rome, Munich, Amsterdam, Geneva, Istanbul, Cape Town.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
Quick request
Send quick request
Send a fast enquiry about this course and the academy team will get back to you.
Get a quotation
Request a formal quotation
Choose an available date and venue, add your participants, and we will email a formal quotation for Fraud Prevention and Financial Audit in Oil and Gas to your business address.