Propose Implementation Full Coverage Audit of Oil Corporations

Abstract

With the development of petroleum industry, oil corporations continue to expand the scale and scope of business. In the other hand, it also brought a lot of problems and risks whereby the companies have to take some measures to deal with. Various innovation strategies are introduced and the oil companies face more challenges in terms of business and management. Thus, auditing requires a greater role whereby to be supported by senior managers within the corporation. In addition, multi-angle auditing will be able to achieve full coverage of the audit approach to promote the realization of the value of the corporation. In this paper, the audit of oil companies made some proposals to achieve full coverage audit in order to assist better development of Corporations