Services >> Joint Venture Audits

Other Services:

   Contract Compliance

  Internal Governance Systems/ Environments

   Project Governance & Support

  

In addition to our Contract Compliance services we apply our experience, Attention to Detail, and Realistic Approach are applied to a variety of audits covering Business Process, Risks and Project Audits . The key to our success is the quality of our staff and the standards we maintain.

Our Joint Venture Audits Service covers the following categories of audit:

JV Audits

   Direct Cost Audits – Aimed at verifying the correctness of operational and/or project direct charges within Joint Venture Agreements.

   Well Audits –  Aimed at analysing the accuracy of Well AFE's including tangible well reconciliations including exploration activity.

   G & A Audits –  Aimed at verifying the fair allocation and distribution of overhead costs.

   Logistics – Aimed at ensuring the charges are fair and equitable on behalf of all joint venture partners.

  Contract Audits - Aimed at testing the competitiveness and post-award management of contracts awarded on behalf of Joint Ventures.

  Inventory Audits - Aimed at reviewing inventories and movements of equipment .

 CorGuv is unique in being Aberdeen-based with a broad spread of audit-related skills. We are therefore able to offer the following value:

   Flexibility – We are available to meet with our clients whenever required and are able to 'drop-in' to discuss needs and requirements.

   Low Expenses – Being locally based we have a  bare minimum travel & expense charges .

   Business Familiarity –  Our business is centred on the North Sea Oil & Gas Industry and we are thoroughly familiar with the business environment and major clients.

  Locking-in Value – Because our business is project-based, we are able to follow up on our audit findings. This includes cost recoveries and implementing improvements which will avoid the issues, we have found, occuring again.

   Independence –  We will offer our professional opinion at all times. We deliberately maintain our freedom from any interest which conflicts and might dilute our ability to be open, honest, and objective.
 

Want to know more? Ask us . .

 

 

 

 

 

 

 

 

 

 

  

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