AICPA Invites Feedback on Updated Oil and Gas Industry Guide


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.

 

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out