Oil & Gas

Oil & Gas

Geib and Company understands and appreciates how important the oil and gas industry is to our local Canadian economy. With current economic conditions as they are, plus unpredictable emerging and evolving trends, the oil and gas industry must continually anticipate risks and adapt for continued growth. Our professional accounting team has extensive expertise educating, advising, and providing specialized accounting, assurance, and tax services. Our team has the skill for advising both public and private oil and gas companies. We are registered with the Canadian Public Accountability Board (CPAB), which allows us to provide audit services for Publicly traded companies. We offer dedicated partners and professional staff who will customize the right solutions for you in an industry that is essential to Canada's continuing prosperity.

As a member of Nexia International, Geib and Company has strength worldwide. Through a network of more than 245 member Firms with over 650 offices globally, Geib and Company is able to offer cross-border solutions through our Nexia connections in over than 115 countries worldwide. Our team has ample experience through this relationship, and we believe this sets us apart from other Firms. We can provide international service without international Firm size fees. If required, we can coordinate and direct any activities with our international affiliates or allow you to work directly with them as an independent Firm.

Accounting and Tax Solutions for Oil and Gas:

  • Audit/ Assurance
  • Tax Compliance
  • Comprehensive Tax Planning
  • Mergers, Acquisitions Planning and Integration
  • IFRS assessment and conversion
  • Assistance with Initial Public Offering (IPO)
  • Internal Control Assurance
  • Accounting and bookkeeping
  • Canada Revenue Agency (CRA) representation
  • Audit Insurance
  • Budget development
  • Cash flow management
  • Banking strategy
  • Payroll
  • Financial statement preparation

Audit Insurance

Our Firm has noticed a dramatic increase in the amount of audit and CRA review activity over the past few years. The cost of defending your tax position can be a burden and for this reason our Firm has decided to offer the audit insurance to our clients. Audit Shield provides for the relief from payment of professional fees, up to a prescribed amount that are incurred in the event that you or your business is selected for audit, enquiry, investigation or review (audit activity) instigated by the Canada Revenue Agency (CRA). The cost of being properly represented can be quite considerable depending on the circumstances. Even a simple audit or investigation can require hours of work.

Audit Shield provides a fixed, cost effective solution to guard against these unbudgeted costs. This service is optional and there is no obligation to enrol for this service.

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