Perform as a subject matter expert on annual audit of engagements for oil and gas related companies, specifically exploration and production of oil and gas. Collaborate with partners, senior managers and clients for audit planning, risk assessment and client coordination. Communicate with the engagement staff, setting client expectations, managing performance, and keeping leadership updated on audit status. Build relationships with colleagues across multiple service lines to collaborate on information technology, income taxes, and valuation. Manage performance and identifying opportunities to improve our service delivery and mitigate risk related to oil and gas clients. Perform formal consultations that address accounting research and guidance on complex accounting matters. Utilize understanding of current oil and gas market trends and processes to coach junior colleagues. Design audit strategy for first year audit client. Setup audit scope using risk based audit approach. Design audit procedures/programs for significant accounts. Design audit strategies for internal control for operating effectiveness and design. Review detailed testing procedures performed by staff. Travel to domestic client sites required up to 50% annually. Supervise 4 subordinates.
Requires Bachelor's in Accounting, Finance, or related field. Requires 60 months of experience as an auditor in a public accounting firm and CPA certification. Also requires some experience with: Oil and gas industry and relevant audit procedures, including mineral reserves valuation, reserve impairments, mineral hedges, depletion and depreciation calculation, assets retirement obligations, joint interest billing and royalty suspense; Oil and gas revenue recognition, derivative instruments, asset retirement obligations, impairment of oil and gas properties, purchase accounting and understand of engineering reserve reports; Auditing of SEC clients, including 404 internal control audits for oil and gas companies; International Financial Reporting Standards; Terminology, processes and risk-based audit practices and principals (US GAAP), and relevant accounting research based on ASC guidance for appropriate accounting treatment; Risk Assessments; Researching and analyzing financial statements and audit issues utilizing electronic databases, and employing audit software to review and compile financial information.
Valid Through: 2019-11-12