2018 Benchmark Audit Rate
PASC’s Joint Venture Audit Committee has released the 2018 Benchmark Audit Rate at $106 per hour. For previous rates, click here.
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What's New
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.
