Fraud Prevention and Financial Audit in Oil and Gas (OG-061) Training Course

Fraud Prevention and Financial Audit in Oil and Gas

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…

5 daysClassroom or online

13Upcoming dates

7Cities

£2,840Fees from

Course overview

Why Attend

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 LLMI 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.

Course 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

Target Audience

Internal and external auditors

Finance managers and controllers

Compliance and ethics officers

Procurement and contract staff

Fraud investigators

Joint venture auditors

Course Methodology

Case-based learning

Fraud risk workshops

Data analytics exercises

Audit programme design

Group discussions

Course outline

1Day 1: Fraud in the Oil and Gas Industry

Fraud triangle
Industry fraud schemes
Corruption and bribery risks
Costs of fraud
Regulatory expectations
Case study: Industry fraud

2Day 2: Fraud Risk Assessment

Assessment approach
High-risk processes
Red flags
Control mapping
Prioritisation
Workshop: Fraud risk assessment

3Day 3: Financial Audit of Key Processes

Procurement and payments
Contractor billing
Inventory and products
Revenue and lifting
Joint venture costs
Exercise: Audit programme

4Day 4: Analytics and Detection

Data sources
Analytics tests
Duplicate and anomaly detection
Continuous monitoring
Interpreting results
Lab: Fraud analytics

5Day 5: Response and Prevention

Investigation basics
Evidence handling
Reporting
Remediation
Anti-fraud culture
Capstone: Fraud prevention plan

Frequently asked questions

How long is the Fraud Prevention and Financial Audit in Oil and Gas course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Fraud Prevention and Financial Audit in Oil and Gas course?

The next public date is 14 - 18 Dec 2026 in Barcelona. There are 13 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Barcelona, Rome, Munich, Amsterdam, Geneva, Istanbul, Cape Town.

Can I take Fraud Prevention and Financial Audit in Oil and Gas online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,840 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Fraud Prevention and Financial Audit in Oil and Gas

Course overview

Course outline

Dates and fees

Frequently asked questions

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