OSCPA's COPAS and Regulatory Updates - Self-Study
Available Until
2.00 Credits
Member Price $100
Non-Member Price $125
Overview
Learning Objectives:
- Understand and know what the common audit issues on Federal royalty audits are.
- Obtain a basic understanding of the legal background and how to apply allowable deductions for transportation and processing.
- Obtain a basic understanding of what unbundling and keepwhole valuation is and how to apply it to your 2014 reporting.
- Gain an understanding of how you can survive an audit, or more importantly how to save money from not getting costly audit issues.
Please note: This event was originally recorded on 11/19/24. You must complete this exam by 04/30/26 for full credit.
Prerequisites
None
Preparation
None
Notice
Leader(s):
Leader Bios
Derek Weekly, Martindale Consultants, Inc.
Derek Weekly retired from the State of Wyoming Department of Audit after almost 30 years of service. He served as Audit Manager for twenty-five years. As an audit manager, he was responsible for leading, training and supervising a team of auditors in completing audits of state severance taxes, state royalties, federal royalties, and ad valorem values. He oversaw audits of oil, gas, coal, coalbed methane, and trona. For the past several years he specialized in oil and gas audits. He was responsible for all in-house training courses and presented on a variety of mineral-related topics to various agencies and state legislative committees. He has also conducted presentations at the COPAS National Meetings, Colorado COPAS Meetings, Oklahoma COPAS meetings, and at the Martindale Consultants sponsored Oil and Gas State Reporting Conference, PASH conference, and PDI conferences. He developed various sampling techniques that are currently being administered and that have been challenged and upheld at the Supreme Court. In his current role of Regulatory Projects Supervisor, he will serve in the capacity of providing training, establishing valuation determination for various clients, professional consultation, litigation support, and assuming a leadership/supervisory role over special projects within the Regulatory Division at Martindale Consultants, Inc.
Non-Member Price $125
Member Price $100