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The Petroleum Accountants Society of Canada provides the oil and gas industry with standards and information in oil and gas accounting. The membership is very active in the development of new procedures and education.

Mission Statement:

To contribute to the long term success of the Canadian Petroleum Industry by staying abreast of the constantly changing needs of the industry and striving to satisfy those needs.

Objectives:

  • To unite and promote cordial relationships among all persons interested in petroleum accounting
  • To collect and disseminate generally, by all appropriate means, all fundamentally sound accounting principles and methods
  • To develop, improve and extend, as far as is practicable, the present science and art of petroleum accounting.

As such, membership in the Society shall be open to persons actively occupied in the fields of accounting, auditing, finance, or economics with companies or organizations which are directly or indirectly engaged in the activities of any sector of the Petroleum and/or Natural Gas Industry.