The Petroleum Accountants Society of Canada provides the oil and gas industry with standards and information in oil and gas accounting. The membership is very active in the development of new procedures and education.
What's New
- Membership Directory - (Members Only) - February 2010
- NEB Proposes Adoption of New CSA Security Management Standard - January 4, 2009
- Luncheon Presentation - December 4, 2009
- Joint Interest Auditor Code of Conduct - for industry comment - December 2009
Latest Industry Drafts
- Joint Interest Auditor Code Of Conduct
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Download (PDF)
The Joint Interest Audit Committee is looking for industry input on this Joint Interest Auditor Code of Conduct. This document is designed to replace individual confidentiality agreements for joint interest audit situations. Please share with your organizations, and provide any feedback or comments to the PASC Office, or via the PASC Forum.
- Guide to Accounting and Reporting for Farmouts/Farmins Penalty Interest Net Profits Interest Net Revenue Interest
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Download (PDF)
More informationThe Payout Accounting Project Team and the Joint Interest Research Committee invite interested parties to review and comment on this draft. This Accounting Guideline has been developed to explain the most common types of arrangements that involve payout accounting, associated cost recovery and some of the contractual provisions that affect payout situations in the Canadian oil and gas industry. It has been developed to help provide guidance to, and to promote consistency among, Operators on payout accounting and the preparation of payout statements.
- Please feel free to send us comments or questions via the PASC Forum, or by emailing the PASC Office
