skip to Main Content

AG-21 Revenue Audit Protocols

This is the companion document to the AG-19, Expenditure Audits in the Petroleum Industry: Protocol and Procedures Guidelines and addresses protocol and procedures for revenue audits.  Revenue audits are not specifically addressed in existing COPAS Accounting Procedures, except in the 2005 Model Form as relating to payout audits.  The only mention of revenues in most joint venture contracts is in the provision of the Operating Agreement relating to the right to take production in-kind, or in a gas balancing agreement associated with the Joint Operating Agreement. 32 pages. Rev. 1985.

$130.00

Members receive 20% off webinars and 50% off publications

AG-21 Revenue Audit Protocols

SKU AG-21 Categories ,

Description

Table of Contents

  1. FOREWORD
    1. General Comments
    2. Purpose of Revenue Audits
    3. Determining Audits to be Performed
    4. Technology and Audit Data
    5. Audit Provisions
    6. Confidentiality Agreements
    7. Parties Involved in Revenue Audits
  2. SEQUENCE OF AUDIT EVENTS
  3. AUDIT PROTOCOL
    1. Initiating and preparing for the audit
      1. Audit Lead
      2. Auditee
    2. During the Audit
      1. Audit Lead
      2. Audit Team
      3. Auditee
      4. Audit Effectiveness Questionnaires
    3. Audit Resolution
      1. Auditee
      2. Audit Lead
      3. Audit Participants
      4. Audit Resolution Meeting
  4. PROCEDURE GUIDELINES
    1. Oil and Condensate
    2. Gas and Casinghead Gas
    3. Plant Products
    4. Production Handling Agreements (PHAs)
    5. Audit Report
    6. Audit Costs
  5. Glossary
  6. EXHIBITS
    1. EXHIBIT 1—CONFIRMATION LETTER
    2. EXHIBIT 2—BALLOT LETTER
    3. EXHIBIT 3—AUDIT EXCEPTION FORM
    4. EXHIBIT 4—SAMPLE AUDIT REPORT COVER LETTER
    5. EXHIBIT 5—RADE

COPAS POLICIES: Complaints | Cancellation & Refund Policy

Additional information

Weight 4.0000000035274 oz
Dimensions 11 × 8.5 × 0.025 in
Format

Digital, Printed

Testimonials

Networking is so important. It will help with your job and career, and you will gain knowledge you can’t get sitting at a desk. The people in COPAS have mentored me, answered questions for me, and genuinely cared about me and my family.

Melissa Gruenewald
Rating: 5

COPAS has great learning opportunities, leadership opportunities, and ways to develop relationships with other accountants and oil and gas professionals. You will work hard when you get involved, but the experiences, people and benefits will be worth it.

Melissa Gruenewald
Rating: 5

For anyone searching for energy knowledge, professional industry contacts, peers with whom to discuss similar dilemmas, and access to energy experts—COPAS is the place to be!

Carolyn Sczepanski
Rating: 5
Get Updates

OUR MISSION

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

OUR MISSION

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

Back To Top
Search