Joint Venture & Contract Audit

HOW WE WORK FOR YOU

We can play a pivotal role, selecting and providing individual associates to act as your representative on audit assignments, as well as providing complete audit teams to undertake specific projects for you. 

Our associates are all self-employed or are individual companies. All have extensive accounting and audit experience gained with major oil companies both in the UK and overseas. The majority have more than thirty years’ experience in the oil and gas industry and have attained senior management positions. We have a comprehensive roster of associates, most of whom have worked on assignments with us for many years. 

The breadth of our team’s experience means you’ll benefit from in-depth knowledge of operators, their partners and the supply chain across several continents, plus a valuable network of contacts. 

SAVING YOU TIME AND MONEY

We’ll provide you with a team with unrivalled credentials, who enjoy good relationships with operators/ contractors and have a deep working knowledge of the sector’s commercial arrangements.  

This enables us to: 

• Save you time by managing the entire Joint Venture/Contract Audit process by liaising with you, the operator/contractor and other joint venture partners as and when appropriate 
• Achieve savings for you in your ventures by working to your agenda, collaborating with you to direct the audit effort and then capitalising on that knowledge of your assets 
• Identify and discuss risk areas, issue reports and then proactively manage open issues to a conclusion, involving you at all key points 
• Focus relentlessly on recovering costs which have been incorrectly charged and ensure that the operator/contractor takes the appropriate actions to correct them  
• Advise you on best practice and industry benchmarks 
• Support you in the escalation and resolution of issues through the appropriate channels at the right time. 

YOUR LINK TO OTHER ESSENTIAL SERVICES

As an AAB Group company, we also work closely with their people and resources to provide: 

Audit & Assurance 

Using our understanding of your organisation to help ensure your regulatory compliance and proactively suggesting strategies to grow and sustain your business.  

Virtual Finance Function 

A bespoke outsourced service that not only assists with your finance functions but gives you access to the specialists you need, when you need them. 

Corporate Finance 

All the essential services to help you expand your business or, in difficult times, survive and emerge in a stronger position. 

Global Mobility 

In a truly international sector, our experts will use their experience to deal with all the complexities of global employment, saving you time and freeing up your resources. 

Litigation Support 

Considered, practical solutions to resolving and mitigating the impact of disputes, whilst aiming to minimise the costs and consequences. 

Whistleblowing 

A dedicated service that works for both employers and employees to help ensure issues are resolved equitably, effectively and ethically. 

Fraud Prevention & Investigation 

Expert internal audit support to safeguard your reputation and financial security, by reducing the threat of fraud, and identifying and investigating fraudulent activity.