Oil and Gas Accounting and Reporting
We understand the oil and gas industry.
Inspire Energy Services understands the complexities of the oil and gas industry and the work load required to properly account for your business. We have a wide array of accountants which are PCAOB certified that guide us in preparing for your audit. Our chief goal is to lower the over-all costs of your compliance burden. Your audit, accounting and tax requirements should not be a distraction to the focus of your core business. The Inspire Team can prepare for a SEC-regulated audit, private audit and tax services to upstream, midstream and downstream companies. Our client base includes drilling, exploration and production, refining and marketing, gas marketing and distribution companies.
Our audit readiness, including management's assessments over internal controls over financial reporting (ICFR) services, preparation and filing of Forms 10K, 10Q, 8K and private placement memorandums and assistance in any other types of pre-audit processes. Our pre-audits are performed by a professional with financial reporting and SEC reporting experience, who is experienced with periodic filings and Registration Statements, especially for smaller reporting companies. We are able to manage projects involving other contractors at varying levels and we are able to staff the assignment in a reasonably quick period.
Some of our preparedness includes assistance with:
• SEC Rule SX 4-10 Full Cost Accounting
• ASC 932 (formerly FAS 19) Successful Efforts Accounting
• ASC 805 (formerly FAS 141(R)) Purchase Accounting
• Production Revenue and Royalty Accounting
• Joint Venture Accounting and Joint Interest Billings
• Depletion, Depreciation and Amortization
• ASC 410 (formerly FAS 143) Asset Retirement Obligations and Environmental Issues
• Reserve Report and ASC 360 (formerly FAS 144) Analysis
• ASC 932 (formerly FAS 69) Oil and Gas Reporting Disclosures
• Multi-Currency Accounting and Reporting
• Production Imbalances
• Debt and Equity Financing Arrangements
• ASC 815 (formerly FAS 133) Derivative Accounting
Inspire Energy Services understands the complexities of the oil and gas industry and the work load required to properly account for your business. We have a wide array of accountants which are PCAOB certified that guide us in preparing for your audit. Our chief goal is to lower the over-all costs of your compliance burden. Your audit, accounting and tax requirements should not be a distraction to the focus of your core business. The Inspire Team can prepare for a SEC-regulated audit, private audit and tax services to upstream, midstream and downstream companies. Our client base includes drilling, exploration and production, refining and marketing, gas marketing and distribution companies.
Our audit readiness, including management's assessments over internal controls over financial reporting (ICFR) services, preparation and filing of Forms 10K, 10Q, 8K and private placement memorandums and assistance in any other types of pre-audit processes. Our pre-audits are performed by a professional with financial reporting and SEC reporting experience, who is experienced with periodic filings and Registration Statements, especially for smaller reporting companies. We are able to manage projects involving other contractors at varying levels and we are able to staff the assignment in a reasonably quick period.
Some of our preparedness includes assistance with:
• SEC Rule SX 4-10 Full Cost Accounting
• ASC 932 (formerly FAS 19) Successful Efforts Accounting
• ASC 805 (formerly FAS 141(R)) Purchase Accounting
• Production Revenue and Royalty Accounting
• Joint Venture Accounting and Joint Interest Billings
• Depletion, Depreciation and Amortization
• ASC 410 (formerly FAS 143) Asset Retirement Obligations and Environmental Issues
• Reserve Report and ASC 360 (formerly FAS 144) Analysis
• ASC 932 (formerly FAS 69) Oil and Gas Reporting Disclosures
• Multi-Currency Accounting and Reporting
• Production Imbalances
• Debt and Equity Financing Arrangements
• ASC 815 (formerly FAS 133) Derivative Accounting
