Joint Venture & Contract Audits

Whilst joint venture audits are our core activity, our services extend beyond this so we can deliver a full range of practical support. We also provide:

• Contract/Vendor Audits
• Drilling Audits
• Completion Accounts

Through integration with AAB’s other teams, which extends to other relevant and beneficial services such as:

• Virtual Finance Function
• Fraud Prevention and Investigation
• Transaction Support
• Litigation Support

What’s most important of all, of course, is providing exactly the service you want. Our flexible approach means we will dovetail with your needs, for example, in what we deliver in our Contract Audits. You may want us to focus more on identifying and recovering overcharged costs, to concentrate more on the vendor’s controls and procedures or to combine both services in one all-inclusive audit. Your requirements come firs,t and we will tailor our response accordingly.

• Maintaining a productive working relationship with your chosen operators is crucial, so bringing us in as independent auditors allows you to remain separate from the probing, often critical investigations required for a candid and accurate audit. It also eliminates the workload and internal costs associated with using your own people to conduct the audit.
• We will take a diligent, non-partisan stance on reviewing, monitoring and negotiating on contract compliance, disputed payments and cost recovery. We investigate procurement and cost allocations and interview managers to determine how operators have arrived at their accounting figures. By highlighting to the operators any potential improvements in their accounting procedures through the latest industry best practice, we can help achieve mutual benefits and enhance relationships, making it easier for you to collaborate with them on future projects.