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September 2018
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PASC Publications Committee
Closed Meeting
Event Starts: September 24, 2018
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club
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October 2018
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PASC Board of Directors Meeting
Closed Meeting
Event Starts: October 10, 2018
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: October 11, 2018
Time: 11:30 a.m. - 1:30 p.m.
Location: Calgary Petroleum Club
Course: Vendor Audit
Vendor Audit 1/2 Day Course
Event Starts: October 11, 2018
Time: Registration & Breakfast @ 7:30am; Course 8:00 am to 12:00 noon
Location: Associations Plus (#600, 900 6th Ave SW)

Vendor Audit
Format: ½ day (4 hours)

In this course you will learn the following:

1. Overview of the vendor / compliance audit activity
2. Risks in third party relationships
3. Benefits of audit
    a. Costs savings
    b. Processes improvement
    c. Risks mitigation
    d. Relationships building
4. Audit process
    a. Identification criterion
    b. Planning considerations
    c. Execution approach
    e. Reporting and follow up
5. Key areas of focus
    a. Contract Types
    b. Contract risks and risk assessment
    c. Audit approach
6. Typical overcharges and their root cause
7. Wrap up and summary of lessons learnt

Instructors:
Salman Yasin
Salman Yasin has over 19 years of experience in the Operational, Financial, and Compliance audits of all business segments that include Upstream, Downstream and Capital Projects of Oil and Gas industry.

Currently Mr. Yasin is working for Canadian Natural Resources Ltd. as a Supervisor Vendor, Audit and responsible to identify, plan, execute, facilitate and manage vendor audits in all business areas of the company.  Previously, he worked for PriceWaterhouseCoopers, Ernst Young LLP, and Enbridge Gas Distribution Ltd. at different positions."

Fee:

$300 +GST Members
$350 +GST Non-members

Location: PASC Office 600, 900 6 Avenue SW, Calgary 
Includes a continental breakfast from 7:30 am - 8:00 am

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Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: October 16, 2018
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club
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PASC AGM & Luncheon: October 17, 2018
Annual General Meeting
Event Starts: October 17, 2018
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Annual General Meeting

Pursuant to Section 1 (d) of the Societies Act, notice is hereby given that the Annual General Meeting of the Petroleum Accountants Society of Canada will be held:

When: October 17, 2018 11:30 am - 1:00 pm
Where: Calgary Petroleum Club (319 5th Avenue SW)

Register

AGENDA 

  1. Call to Order and Opening Remarks 
  2. Approval of the Agenda
  3. Approval of the Minutes of the October 18, 2017 Meeting
  4. Presidents Report
  5. Financial Report
    1. Approval of the Audited Financial Statements as at June 30, 2018
    2. Appointment of Auditors for 2018/19 year 
  6. Committee Reports
    1. Education
    2. Financial Accounting Reporting
    3. Joint Interest Research
    4. Joint Venture Audit
    5. Materials & Inventory
    6. Member Services
  7. Elections/Slate of Directors
  8. Member of the Year Award
  9. Adjournment

Members are reminded that only those items on the agenda will be presented during the business portion of the meeting. There will be time on the agenda for announcements or informational items. No new business requiring decisions or motions may be added.

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PASC Education Committee
Closed Meeting
Event Starts: October 18, 2018
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
PASC Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: October 18, 2018
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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PASC Publications Committee
Closed Meeting
Event Starts: October 22, 2018
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club
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November 2018
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Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: November 8, 2018
Time: 11:30 a.m. - 1:30 p.m.
Location: Calgary Petroleum Club
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PASC Board of Directors Meeting
Closed Meeting
Event Starts: November 14, 2018
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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PASC Education Committee
Closed Meeting
Event Starts: November 15, 2018
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
PASC Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: November 15, 2018
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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PASC Material & Inventory Committee Meeting
Closed Meeting
Event Starts: November 20, 2018
Time: 11:30 a.m. - 1:30 p.m.
Location: Calgary Petroleum Club
Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: November 20, 2018
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club
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PASC Publications Committee
Closed Meeting
Event Starts: November 26, 2018
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club
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What's New

GP-01 2018 Wage Index for Overhead Adjustments Released

The 2018 Wage Index for overhead adjustments under the 1969, 1988 and 1996 PASC Accounting Procedures has been released. Access your complimentary copy of GP-01 on our General Publications Page.

New Project - New PASC Accounting Procedure

PASC is initiating a review and update of the current 2011 Accounting Procedure. We are currently in the process of establishing a Project Team to review the needs of industry to determine what changes may be necessary to provide industry with the accounting tools to operate in today’s very competitive oil and gas industry in Western Canada.

If you are interested in participating in this important undertaking please contact the PASC Office info@petroleumaccountants.com with some background information on experience and reasons for wanting to participate.

December 2017
"CAPL has published the 2017 CAPL Property Transfer Procedure."

A copy is available on the CAPL Website.

April - AG-19 Accounting for Shared Pad Site Costs

PASC is inviting anyone in the industry to please send review comments on the following document to info@petroleumaccountants.com. This PASC document is a companion document to the recently released PJVA/CAPL document: Pad Site Sharing Agreement (PSSA). See a copy of the PSSA here and send any comments on this document directly to the PJVA/CAPL contact.


News Archive


Events

Closed Meetings

September 24, 2018

PASC Publications Committee
Closed Meeting
Event Starts: September 24, 2018
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club

October 10, 2018

PASC Board of Directors Meeting
Closed Meeting
Event Starts: October 10, 2018
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club