Now is the time for oil and gas companies emerging from Chapter 11 bankruptcy to adequately address their associated fresh-start reporting and valuations....more
Oilfield service companies will need to preserve capital and ride out the current storm before they can expect to see an uptick in activity....more
By Kevin Cannon With the recent decrease in crude oil prices and market capitalizations, auditors and regulators will now very likely have a renewed focus on impairment testing for goodwill and long-lived assets on the...more