PwC is the world's largest provider of audit and advisory services to the oil and gas sector. Typical of our commitment is that we combine industry expertise with knowledge of the explicit services our customers demand.
In Norway and internationally, PwC has a network of seasoned industry and technical specialists who assist our clients in all aspects of our service range. The scope of our assistance to the industry is growing rapidly.
The regulatory and accounting framework is challenging for oil and gas companies, who for example operate across regulatory and tax regimes. Geo-political challenges, environmental requirements, trading conditions, challenges in terms of energy and natural resource access, often with complex legal structures and partnership agreements help to impede progress. In addition, companies are often faced with large investment needs with many challenges, such as in financing.
Relevant audit services from PwC are audit of financial statements, license audit, partner audits, agreed control procedures, accounting assistance related to Norwegian GAAP, IFRS and U.S. GAAP for the oil and gas industry.
Services within "reporting and compliance" where PwC assists:
- Evaluation and improvement of the company's corporate governance
- SOX 404 services
- IT audit
- Internal audit tasks to evaluate and improve the company's risk management and reporting
- Audit oriented internal control services
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