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November 2017
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Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: November 23, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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December 2017
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Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: December 12, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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Course: Vendor Audit
Vendor Audit 1/2 Day Course
Event Starts: December 13, 2017
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."

Shahid Qureshi
Shahid has 20 years of experience in financial reporting, business process optimization, risk management and Information Technology Governance. Shahid is a Chartered Professional Accountant (CPA), a Certified General Account (CGA), a fellow member of Association of Chartered Certified Accountants (ACCA) and a Certified Information Systems Auditor (CISA). He is also a cost and management accountant (CMA) and a member of Chartered Secretaries and Managers. He holds a Master’s degree in Economics. Shahid has extensive international experience and has worked in Canada, Asia, Middle East, Far East, Europe, United States of America, United Kingdom, Caribbean and Africa as part of the senior management team at KPMG.

Shahid is currently the Vice Chairman of CPA (Chartered Professional Accountants) Calgary Chapter. He is the Deputy Chairman for ACCA (Chartered Association of Certified Accountants) Canada Committee and a member of ACCA international Council. Shahid is also the President of ISACA (Information Systems Audit and Control Association) Calgary.

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 Venture Audit Committee Meeting
Closed Meeting
Event Starts: December 14, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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January 2018
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What's New

Energy Fundamentals Certificate

The Petroleum Accountants Society of Canada is pleased to offer the Junior Energy Certificate program to connect new and prospective entrants with the industry. Delivered through a practical yet informative combination of luncheons, courses and seminars, this 20-25 hour commitment aims to impart foundational knowledge and emerging trends to participants, while concurrently exposing them to an industry association and its associated networking opportunities with the society's members at various career levels.

More Info

July - 2017 CAPL Property Transfer Procedure

CAPL has distributed the material associated with the first industry draft of the 2017 CAPL Property Transfer Procedure and is requesting feedback by September 21st, 2016. Please send your organization's comments in an electronic format to Jim MacLean jmaclean@repsol.com.

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

November 23, 2017

Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: November 23, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

December 12, 2017

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: December 12, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club