Services


Non-Operator Joint Venture Audits

"Joint Venture Audit represents a legitimate form of control enabling individual non-operating co-venturers to manage the risks which they perceive exist within an individual joint venture" (APPEA Guidelines for Joint Venture Audit Standards).


We offer you the following services:

  • Management of entire, or part of joint venture programs on your behalf, including the preparation of risk based audit plans
  • As lead auditor; plan, execute, report and close out Joint Venture audits
  • Provide Joint Venture auditors as part of a team representing your interests
  • Provide strategic advice relating to the accounting and audit provisions of Joint venture Operating Agreements
  • Specialist Operator Overhead recovery reviews

Whilst guidelines exist, the protocol for initiating and conducting joint venture audits has not been formally established by the industry. However, we have developed a methodology to ensure that the audits are conducted in an efficient, professional and cost effective manner, ensuring at all times your organisation is professionally represented.

Unlike many of our perceived competitors we know there is a significant difference between external compliance audits, internal audits and joint venture audits, a difference that only those with extensive experience in the industry could understand.

Our success is bought not only by our highly skilled and experienced team located across the globe, but also through innovation. We are a strong proponent of innovative best practice in all audits and consultancies. In conjunction with our risk based methodologies all of our team members use the specialist audit software ACL, which not only saves time during an audit, it ensures that a complete coverage is achieved. The benefits of ACL are discussed in Our Proven Track Record.

You can be assured that when you select us as your partner, you are selecting an organisation with a comprehensive and unique understanding of the industry, that can provide complete service delivery.