Joint Venture and Partnership Auditing

Since 2011, we have been providing expert audit services that you can count on. Our team members have conducted hundreds of successful joint venture audits, and we are experts in performing energy joint venture audits and partnership audits. We audit Canadian, American, and international joint ventures and partnerships. We are a complete joint venture audit service provider, equipped to manage all areas of your audits, including operator/property selection, preparation, scheduling, auditing and response/rebuttal. Contact us today to learn more about how we can help you or for a free quote.Contact Us

Expenditure Audits
(Capital and Operating)

Whether you have questions about capital and operating costs or simply require due diligence, our auditors are skilled at reviewing the costs incurred in the construction and/or operation of wells, facilities, and projects. These audits aim to validate whether capital and operating expenses are accurate and in accordance with the governing agreements and industry standards.

Production Allocation and Revenue Audits

We can provide detailed reviews of how oil and natural gas produced is allocated to the owners, accounting for the accurate and equitable distribution of all products and revenue. Our auditors are also equipped with the background necessary to review production accounting, fees, equalizations, and other volumetric scope items.

Fees and Equalizations/13th Month Adjustments Audits

In processing fee audits, our specialists review the fees charged for production processing. Typical items include compression fees, gas gathering fees, emulsion processing fees, and gas processing fees. These reviews can include both fee expenses and also fee revenue.

Audits of equalizations and thirteenth month adjustments review the operating expenses and fees adjusted at the end of the year based on facility throughput. We can offer you either a high level or detailed review of these items, depending on your budget and concerns.

Final Statement of Adjustments (FSOA) Audits

These audits are very important to conduct, as there are often issues. Typically 180 days after the Closing Date of an asset disposition, the Vendor prepares a Final Statement of Adjustments (FSOA) to account for all benefits and obligations pertaining to the assets sold. The FSOA accounts for the period between the Closing Date and the Effective Date. Typical issues include date errors that may cause the Purchaser to be charged for pre-Effective Date costs that they do not owe.

Other Audit Types

Our experienced staff and network enable us to cover all joint venture audit areas, including the following.

  • ‣ Payout Audits
  • ‣ Royalty Audits
  • ‣ Gas Cost Allowance (GCA) Audits
  • ‣ Change of Operatorship Audits
  • ‣ Marketing Audits
  • ‣ Measurement Audits


Since 2011, Integrity Audit and Accounting has worked with hundreds of Canadian and international businesses in the Energy industry. During this time, we have established a proven track record of excellence. We deliver exceptional results through the following facets.


Our team of professionals possess a depth of joint venture and operational accounting knowledge. This wide breadth of experience comes from planning and executing multitudes of audit and accounting projects, ranging from small single well facilities, to billion dollar construction projects, to the largest and most complex LNG projects in Canada. Many of our team members have worked in senior industry positions, and they bring their experience to bear on all that they do.

Our team is also heavily involved with the Petroleum Accountants Society of Canada (PASC), Petroleum Joint Ventures Association (PJVA), Association of International Petroleum Negotiators (AIPN) and the local chapter of the Institute of Internal Auditors (IIA). By working with these organizations, we keep our finger on the pulse of a changing industry which provides our clients with the most up to date information and best practices that help optimize your results.


We are an industry leader in technology. We have proprietary technology that leverages AI and Machine Learning to audit faster and more accurately. This technology can reduce audit costs and increase coverage. We also have propriety technology designed to streamline project management and information exchange. Having implemented many of the technology firsts in the field of contract audit, our commitment to pursuit of cutting edge systems and processes is unparalleled.

Our proprietary audit management software drastically lowers administration time and costs you may see compared to other competitors. This gives our auditors more valuable time to focus on bringing more efficient results and recoveries to the project at hand. We has proprietary technology that leverages AI and Machine Learning to audit faster and more accurately. This technology can reduce audit costs and increase coverage. In a changing industry, innovation is essential.


Integrity is not just a buzzword at our company. Our approach is to provide our clients with an exceptional product, impartial observations, and transparency throughout our engagements. We are an independent third party that audits objectively according to terms of the governing agreements. We aim to ensure the accountability of the partners and find operational efficiencies through audit, and to provide a qualified, unbiased outlook that thinks beyond the immediate problems at hand.

We are also committed to providing reliable, effective, and knowledgeable support to our clients. When difficult joint venture audit and operational accounting questions arise, you can count on Integrity for answers from industry experts. We also offer a full-service audit experience from beginning to end, including audit proposals, administration, audit work, and audit resolution. With Integrity, help is only a call or email away.

Integrity Audit & Accounting

Our mission is to provide industry-leading professional audit and accounting services to our clients in a way that maximizes value, efficiency and cooperation through experience, innovation, technology and integrity. Our team is available to conduct your joint venture audits and partnership audits. We can also help with other audit and accounting projects, issues, and inquiries.