The San Luis Resort, Galveston, TX
Wednesday, April 27
1:30 PM – 3:30 PM
CPE: 1.5 Hours
Delivery: Group Live
Program Level: Intermediate
Prerequisites: None
Advance Preparation: None
Field of Study: Accounting
This session primarily explores the provisions of AG-21 (Revenue Audit Protocols) to allow attendees to better understand COPAS protocols and guidelines for conducting a revenue audit. While AG-21 by itself is not contractual, these guidelines are used throughout the industry as a way for operators, producers, and non-operators to conduct efficient and effective revenue audits. Real-world examples of how AG-21 provisions are implemented and enacted are also discussed.
Other COPAS publications covered include:
- AG-6 Oil Accounting Manual
- AG-15 Gas Accounting Manual
- AG-18 Revenue Variance Analysis
- AG-22 Producer Gas Imbalances
Learning Objectives: By the end of this class you will be able to
- Recognize COPAS protocols for conducting a Revenue Audit.
- Recall how AG-21 provisions are implemented using real-world examples.
Council of Petroleum Accountants Societies (COPAS), Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.