Martindale takes a risk-based approach to vendor audits, starting with an evaluation of your MSAs, rate sheets, and billing detail to gain an understanding of the potential risk areas. This process is followed by stakeholder interviews with key company employees to gain a better understanding of what services or goods the vendor provides, as well as any potential relationship issues.
We review vendor agreements in detail to ensure all terms, pricing structures, and obligations are being followed as intended. Our team identifies inconsistencies, billing errors, and missed contractual benefits, helping you enforce compliance and protect your bottom line.
We evaluate vendor credibility, pricing structures, and compliance history to ensure you’re working with reliable partners. This proactive approach reduces risk and supports smarter, more strategic vendor selection.
Our team assesses your internal controls related to vendor management and payment processes, identifying gaps and vulnerabilities. We then provide clear recommendations to strengthen oversight, improve accuracy, and reduce the risk of future errors.
Through a comprehensive audit of accounts payable activity, we uncover duplicate payments, overcharges, and missed credits. Our recovery-focused approach ensures you reclaim funds that may have otherwise gone unnoticed, delivering immediate financial impact.
Beyond identifying issues, we provide actionable recommendations to strengthen your contracts and internal workflows. By refining language, standardizing processes, and eliminating inefficiencies, we help prevent future discrepancies and improve operational performance.
We manage the recovery process from start to finish, working directly with suppliers to resolve discrepancies in a professional and efficient manner. Our goal is to secure favorable outcomes while preserving your vendor relationships.
Ensure accuracy and compliance in your joint interest billings with a joint interest audit. At Martindale, we specialize in joint interest audits and have performed thousands. We know the non-operator’s contractual rights and helped draft the industry document outlining the audit process.
At Martindale, our internal audit team brings expertise to every facet of internal audit activities, ensuring your organization operates with confidence and clarity. We excel in managing the entire internal audit function including, but not limited to, risk assessment, internal controls testing (including SOX testing), operational, and vendor risk assessment and audits.
Navigating the complexities of revenue and royalty agreements can be challenging. Our revenue and royalty audit services are designed to provide clarity and assurance. We review payments, verify compliance with applicable agreements, and assess the accuracy of calculations. By identifying any discrepancies or inconsistencies, we help ensure that our clients receive proper revenue and royalty payments. Martindale has conducted thousands of revenue and royalty audits covering all geographical areas in the United States from simple to extremely complex systems. Our team has the experience and expertise in operations, accounting, and agreements, to handle any revenue or royalty audit.
Evaluating the relationship between your company and your vendors is critical to successful operations and business. Prudent operators will exercise their rights to evaluate that relationship through a vendor audit to determine whether the vendor is in compliance with the terms and conditions of the applicable Master Service Agreement (MSA).
Navigating the complexities of midstream and gas plant audits demands a specific skill set and expertise due to complex operations and agreements. Our team is equipped to review the intricate operations and agreements inherent in these audits, ensuring comprehensive and accurate results.
The differences between domestic and international agreements are significant, requiring experience and expertise to understand the additional and unique complexities. Reviews of international projects require a thorough understanding of the relationships of the parties and the unique terminologies and provisions contained in international operating agreements and accounting procedures.
An organized and executed due diligence review is key to successful oil and gas properties and minerals acquisitions. There are many aspects of a due diligence review including title work, contract analysis, reviewing outstanding litigation, reviewing outstanding litigation, regulatory, and potential accounting issues that can affect a transaction. Martindale can help evaluate or execute a potential transaction by performing cut-off or post-close cost reviews and settlements from a joint venture or “COPAS” standpoint, review existing operating agreements and accounting procedures, and analyze outstanding joint venture audit claims.
Martindale knows COPAS. Martindale employees have served on a multitude of drafting teams to create COPAS Accounting Procedures and publications, served as char of Audit, Revenue, Emerging Issues, CEPS, Vehicles, and other committees, and served in various leadership and Board of Director positions at both the local and national level.
Fill out the form below, and we will be in touch shortly.
Fill out the form below, and we will be in touch shortly.
