SEC bulletin on oil and gas accounting
01 Nov 2009
The Office of the Chief Accountant of the US Securities and Exchange Commission has issued updated guidance on how the agency's staff interprets accounting rules related to the oil and gas industry.
These updates correspond with rulemaking that the SEC approved in December 2008 to modernise its oil and gas company reporting requirements to help investors evaluate the value of their investments in these companies.
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The revisions of the guidance, known as Staff Accounting Bulletin No. 113, include:
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- Staff Accounting Bulletin 113 (PDF 73k)
- SEC Press Release (PDF 29k)