Bids invited for third cost-oil audit

Although there are key outstanding questions on two cost recovery audits for the oil industry the Government of Guyana has advertised for a third for the period 2021 to 2023.

An advertisement in yesterday’s Stabroek News set out a series of requirements for the prospective auditor.

The auditing team must comprise persons who are transfer pricing specialists. There must also be cost accountants, crude oil valuation experts, certified fraud examiners, procurement and contracts experts,  a partner who specializes in natural resources/risk management and a partner with expertise in cost recovery audits in the oil and gas industry.