Labour shortages, volatile price environment and a very complex regulatory structure pose significant challenges to companies in the energy sector. Our team has direct industry experience and includes a former officer and director of an oil and gas company. We understand the challenges and the opportunities facing companies in oil, gas and energy services and this knowledge helps us provide catered services and solutions.
We provide income tax planning, income tax compliance and accounting and assurance services to small to medium-sized oil and gas and energy service companies. We also provide accounting support to public companies in areas of financial statement disclosure.
Areas where our professionals can provide advice and expertise include:
- application of the full cost accounting guideline
- asset retirement obligation computation
- the impact of the reporting on financial instruments with respect to hedging transactions
- accounting for future income taxes
- accounting for capital transactions, including:
- flow-through shares
- stock options
- warrants
- convertible equity instruments
- establishing meaningful linkages between management’s discussion and analysis and the audited financial statements.