Those attending will be exposed the four legal requirements necessary to form a contract, then expand to advanced areas of contract law and auditing. In this high-impact program you will gain the confidence and know-how you need to assume a proactive role in your organization’s contract audits. You will learn how to audit three main types of contracts: lump-sum, unit-price/rate, and cost-plus. You will discover how to apply the appropriate model to critical contract and large project audits, including supply, professional services, joint venture, catering and subsistence, utility, and others. You will identify high-risk contract areas and explore ways Audit can play an important role in the contracting process before money has even been spent. You will learn specific techniques that contractors and vendors use to inflate charges, and find out how to recover overcharges. Attend this information-packed session to learn how to boost the bottom line when your organization signs on the dotted line.
This comprehensive program explores how auditors can identify contract-related problems and help management address the challenges of contracting in today's world. It also explores the challenges contracting presents and how auditors can help management address those challenges in today's world. Some well-established contract audit functions recover more than the cost of the entire audit department by identifying overcharges, performance issues and revenues not collected. Perhaps even more important are the lessons learned that lead to improvement in contract management practices. This revolutionary course provides beliefs, knowledge, skills and techniques auditors can use to recover costs, enhance revenues and help their organizations better administer and manage contracts. The course presentation draws heavily on techniques and approaches in establishing and managing a contract audit program, providing a practical assessment of the challenges and opportunities in contract auditing.
By the end of this course delegates will be able to:
Audit Team Leaders, Senior & Chief Auditors, Audit Managers, Managers and Superintends, Auditors who need to audit projects, contracts or technical business areas, Assurance professionals who need to assess technical issues, Assurance providers who need a greater understanding of Corporate Governance, Audit staff preparing to engage in a contract audit, Audit managers planning to perform an audit of contracts, Chief Audit Executives interested in developing a meaningful audit of contracts within their organization, Non-audit managers and Project Managers interested in enhancing their understanding of contracts.
Code | Date | Venue | Fees | Register |
---|---|---|---|---|
PM102-01 | 05-01-2025 | Manama | USD 5450 | |
PM102-02 | 20-04-2025 | Dubai | USD 5450 | |
PM102-03 | 24-08-2025 | Cairo | USD 5450 | |
PM102-04 | 02-11-2025 | Dubai | USD 5450 |
Professionals of the oil and gas industries are more than ever required to know and understand the regulations and practices governing their industry. This requirement extends not just to lawyers, but ...
The accelerated pace of change in the oil and gas industry make this one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts. This comprehensive c ...
The continued accelerated pace of change in the oil and gas industry makes this one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts. The legal ...
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BTS keen to selects highly technical instructors based on professional field experience
Since BTS was established, it considered a training partner for world class oil & gas institution
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