QMS Audit and IFRS for Oil & Gas Industry

The QMS Audit and IFRS for Oil & Gas Industry course is a specialized training program designed to equip professionals in the oil and gas sector with the knowledge and skills necessary for Quality Management System (QMS) audits and compliance with International Financial Reporting Standards (IFRS)
  • Course Schedule

Classroom Sessions:

DateVenuePrice
22 Jul - 26 Jul 2025
Doha - Qatar
$ 11,900
28 Oct - 08 Nov 2025
Abuja - Nigeria
$ 11,900
  • Course Description

INTRODUCTION

The QMS Audit and IFRS for Oil & Gas Industry course is a specialized training program designed to equip professionals in the oil and gas sector with the knowledge and skills necessary for Quality Management System (QMS) audits and compliance with International Financial Reporting Standards (IFRS). This course is tailored to address the unique challenges and regulatory requirements faced by the oil and gas industry.

WHY IT MATTERS

In the oil and gas industry, adherence to stringent quality management standards and international financial reporting norms is critical for ensuring operational excellence, regulatory compliance, and financial transparency. This course is designed to provide participants with a comprehensive understanding of QMS auditing processes and the application of IFRS in the oil and gas context.

OBJECTIVES

  1. Understand the principles of Quality Management Systems (QMS) relevant to the oil and gas industry.
  2. Develop skills for planning, conducting, and reporting on QMS audits.
  3. Gain insights into International Financial Reporting Standards (IFRS) and their application in the oil and gas sector.
  4. Learn to interpret and implement IFRS requirements for financial reporting in the industry.
  5. Enhance awareness of industry-specific challenges and best practices related to QMS and IFRS.

WHO SHOULD ATTEND ?

This course is suitable for professionals working in the oil and gas industry, including:

  • Quality Assurance Managers
  • Internal Auditors
  • Compliance Officers
  • Finance and Accounting Professionals
  • Project Managers
  • Regulatory Affairs Specialists
  • Course Outline

DAY 1

Introduction to QMS in the Oil & Gas Industry

  • Overview of ISO 9001 and API Q1/Q2 Standards
  • Planning and Conducting QMS Audits

DAY 2

QMS Audit Techniques and Documentation

  • Reporting and Corrective Action in QMS Audits
  • Industry Best Practices in QMS

DAY 3

Introduction to IFRS in the Oil & Gas Sector

  • IFRS Requirements for Exploration and Production Activities
  • IFRS Requirements for Oil and Gas Reserves

DAY 4

IFRS Requirements for Upstream, Midstream, and Downstream Operations

  • Financial Reporting Challenges and Solutions in the Oil & Gas Industry
  • Case Studies on IFRS Implementation

DAY 5

Integration of QMS and IFRS in Oil & Gas Companies

  • Regulatory Compliance and Reporting Obligations
  • Course Recap and Q&A Session
  • Options & Brochure
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