The AICPA on Friday published a working draft of the AICPA Audit and Accounting Guide, Entities With Oil and Gas Producing Activities.
The draft, which was developed by the Accounting Standards Executive Committee and the Entities with Oil and Gas Producing Activities Task Force, addresses many new accounting issues that have emerged over the years, according to Dan Noll, the AICPA’s director of accounting standards.
“We encourage interested parties to review the working draft and submit informal feedback,” Noll said.
E-mail comments to Sharon Macey (smacey@aicpa.org) by Dec. 11, 2009, or mail to Sharon Macey, Accounting Standards, AICPA, 1211 Avenue of the Americas, 19th Floor, New York, NY 10036. Comments will be kept confidential and will not be posted to the AICPA Web site.