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CPA Canada Viewpoints: Revising decommissioning liabilities (Oil and gas)

Published on: Jan 31, 2014

As part of their operations, oil and gas companies may need to conduct environmental remediation work, or decommissioning, for a facility, well or other installation.

Read Viewpoints: Applying IFRSs in the Oil and Gas Industry — Revising an Existing Decommissioning Liability to better understand the responsibilities.

What you will learn

Developed jointly by Chartered Professional Accountants of Canada (CPA Canada), the Canadian Association of Petroleum Producers and the Explorers and Producers Association of Canada, this paper addresses topics such as:

  • reviewing decommissioning liabilities
  • revising decommissioning liabilities
  • significant judgments, estimates and assumptions


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