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Appendix 4

Other Reference Sources


SOURCES OF PETROLEUM ACCOUNTING INFORMATION COPAS Publications and Videos. The Council of Petroleum Accountants Societies publishes COPAS Bulletins, Interpretations, Research Papers, Guidebooks, videos and other educational resources. Ordering information is available at: 2001 PricewaterhouseCoopers Survey of U.S. Petroleum Accounting Practices. The Survey collects information on industry accounting practices, especially those not typically disclosed in annual reports. Respondents are categorized in three ways: (1) integrated and independent, (2) successful efforts and full cost, and (3) public and private. For copies of the latest survey, contact the Institute of Petroleum Accounting at Telephone: (940) 565-3170. A new release is expected in 2007. Petroleum Accounting and Financial Management Journal (formerly titled the Journal of Extractive Industries Accounting, and Journal of Petroleum Accounting). The Journal is published three times a year by the Institute of Petroleum Accounting, University of North Texas. It contains general, technical, and research articles concerning accounting, economics, environmental issues, finance, taxation, and government regulation of the U.S. and global petroleum, energy, and extractive industries. Each year, the spring issue contains a cumulative topical index of articles published since 1982. The Journal’s tables of contents also can be accessed on the website: Audit and Accounting Guide: Audits of Entities with Oil and Gas Producing Activities. Published by the American Institute of Certified Public Accountants (AICPA), the guide summarizes applicable practices and delivers advice for handling most types of financial statements. It describes relevant matters, conditions, and procedures unique to the oil and gas industry. Financial statements and reports are illustrated in order to caution auditors and accountants about unusual problems. CD-ROM subscriptions are available by calling (888) 777-7077; online orders can be placed at: www. Annual subscriptions include up to three update discs, and multi-user versions are available. IASB Extractive Industries Project. The International Accounting Standards Board (IASB) is engaged in a project to develop an International Accounting Standard for extractive activities, which include mining and oil and gas. An updated summary of the project can be found on the IASB website: ACCOUNTING REGULATIONS Financial Accounting Standards Board (FASB). The FASB establishes standards for financial accounting and reporting. Its work is considered authoritative by the SEC and AICPA. Stakeholders, such as investors, creditors, auditors and the general public, rely on financial information prepared in accordance with FASB standards. The organization’s website is:

Department of Energy’s Energy Information Administration is the government source for industry statistics and Price.S. and sector overviews are available on a monthly or annual basis. trade.doe. EIA’s website is: www. ••• . issues.api. Energy Information Administration (EIA). and developments. along with related trends. API is the primary trade association of the oil and gas industry in the U. The U. contains technical information about the field.4-2 Other Reference Sources Appendix 4 OTHER INDUSTRY SOURCES American Petroleum Institute (API). Its website (www.