Title: The importance of auditing as a success factor for oil and gas joint venture projects

Authors: Delanyo J. Quayson; Yakubu A. Olawale

Addresses: Warwick Manufacturing Group, University of Warwick, Coventry, CV4 7AL, UK ' Warwick Manufacturing Group, University of Warwick, Coventry, CV4 7AL, UK

Abstract: Joint venture (JV) projects stakeholders rely on auditing at various stages to provide assurance on the performance of projects (Oakes andYoung, 2008). However, there is limited research on the importance of auditing to the success of these JVs. This study explored the key roles of auditing in oil and gas JV projects, the stages of the JV lifecycle where auditing is important and their relative importance, the impact of auditing on JV projects and the challenges of auditing JV projects. The study found among others that auditing is not just important but also a critical success factor to oil and gas JV projects.

Keywords: project auditing; joint ventures projects; project success; project success factors; oil; gas.

DOI: 10.1504/IJPOM.2023.134968

International Journal of Project Organisation and Management, 2023 Vol.15 No.4, pp.422 - 450

Received: 02 Apr 2022
Received in revised form: 28 Aug 2022
Accepted: 07 Sep 2022
Published online: 22 Nov 2023 *

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