Oil & Gas Services
The regulatory and reporting landscape is particularly complex for oil and gas companies. Oversight boards require more rigorous financial disclosure and demonstration of robust corporate governance. There is increased pressure on financial officers to demonstrate that risk identification and financial management are grounded in timely, accurate forecast and performance data on which top management can base strategic decisions.
Reliant Financial Consulting assists clients in developing a disciplined risk management framework which enables them to meet performance and risk objectives, resolve uncertainty and achieve their financial goals. An effective risk management program fulfills an organization's desire to optimize the balance between risk and return. and Reliant has the expertise to develop solutions needed to achieve that balance.
Reliant Financial Consulting has developed teams of expert professionals and our growing client base attests to our ability in consistently delivering cost-justified, quality value-added accounting, audit, compliance and risk management services. Continued client satisfaction is the first priority at Reliant.
Reliant's broad array of risk management and consulting services for the Oil & Gas industry includes:
- Evaluation, development and execution of internal audit programs
- Enterprise-wide organizational assessments as well as appraise accounting policy | procedures for compliance with SOX and GAAP
- Development of prevention and remediation solutions to comply with the Foreign Corrupt Practices Act
- Analysis of operational risk management processes and measurement methodologies
- Examination and validation of internal accounting controls
- Development of transfer pricing strategies for cross-border sales
- Performance of Merger and Acquisition due diligence and post acquisition accounting integration
- Development of programs to reduce time and expense associated with annual physical inventories.
Reliant excels at communicating and implementing new accounting trends specific to the Oil & Gas industry such as:
- Reserves Accounting and Depletion Methodologies
- Revenue Recognition
- Intangible Assets
- Fixed Assets