New Audit and Accounting Guide Updates Oil and Gas Reporting Procedures


The AICPA has issued a new edition of the audit and accounting guide Entities With Oil and Gas Producing Activities.

 

The guide has been significantly revised to incorporate the provisions related to the SEC’s modernization of its oil and gas reporting disclosures, which align its disclosure requirements with current practices and changes in technology, as well as the updated requirements of FASB ASC Topic 932, Extractive Activities—Oil and Gas.

 

The guide can be purchased from tinyurl.com/5r2yzxv; by calling 888-777-7077 and referencing product no. 0126510; or by visiting cpa2biz.com and entering 0126510 in the search box.

 

More from the JofA:

 

 Find us on Facebook  |   Follow us on Twitter  |   View JofA videos

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.