The Oil, Gas and Petrochemicals Internal Auditors Conclave

The Oil, Gas and Petrochemicals Internal Auditors Conclave

Internal Auditors Conclave to look into the importance of enterprise risk management and role of internal auditing.
The Deepwater Horizon disaster in the Gulf of Mexico in 2010, which caused America’s largest oil spill, is an example of how things can go out of control when systems of control break down. This misfortune could have been avoided if the systems of control and the three lines of defense model had been operating effectively. Demise of Enron in 2001, which also caused the dissolution of the Arthur Andersen accounting firm and led to the Sarbanes-Oxley legislation, and the Shell hydrocarbon reserves overstatement in 2004, which resulted in a large fine and multi-million dollar compensation payments are some of the cases of system breakdown.
Asserting the importance of internal auditing in the oil & gas industry, Fleming Gulf Conferences is organising the The Oil, Gas and Petrochemicals Internal Auditors Conclave. The two day conference will be held on 7 & 8 October 2013, at Abu Dhabi. The conference will identify the areas within the various operational functions of the energy value chain and the important role Internal Auditors play in helping to ensure that such events do not recur but manage business risk and deliver its objectives.
Auditors for oil, gas, and petrochemical companies often find themselves in unfamiliar territory when trying to outline audit processes that are truly risk based and cover their unique industry. This conference will provide participants the ability to learn and review some of the major risk areas specific to the industry and collaborate on audit techniques and procedures that will provide true value to their companies.
The Oil, Gas and Petrochemicals Internal Auditors Conclave will examine and identify the importance of enterprise risk management & the role of internal auditing. The forum will enable the attendees to recognise internal auditing challenges and issues specific to the sector through participation in discussions, exchanging ideas and industry specific case studies. The conference will see leading auditors from Petrofac, BAPCO, BG Group, Kuwait Petroleum Corporation, Lukoil Overseas and other industry experts. The Oil, Gas and Petrochemicals Internal Auditors Conclave is a unique and unparalleled platform for auditors and those with responsibility for managing audits to meet and learn from the top Internal Auditors from the Oil, Gas and Petrochemical sector from the region and across the Globe.
About Fleming Gulf Conferences
Fleming Gulf is a leading provider of business intelligence through industry specific conferences, webinars and skills enhancement training courses by leveraging our network of industry influencer’s with specialist knowledge to provide organisations the winning edge that makes a difference in their decision making in today’s competitive business landscape.
Source: fleminggulf.com
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