Our team at Poole Audit brings a wealth of experience in the energy industry, encompassing various sectors such as U.S. Domestic, Deep Water, Offshore, Onshore, Exploration and Production, and Revenue, as well as international operations.
With our extensive expertise, we are well-versed in the intricacies of the acquisition and divestiture market, conducting detailed analysis and confirmation of all components of the final settlement statement. We have developed specialized audit programs that are tailored to efficiently and accurately resolve acquisition cutoff issues, ensuring thorough and precise audits for our clients in this complex area of the industry. Our deep industry knowledge and experience enables us to deliver comprehensive and reliable audit services to our clients in the energy sector.
As an example, one of our clients purchased $4 billion in deepwater assets and then contracted our firm to perform the Acquisition Cutoff Audit. With a team of six auditors, Poole Audit recovered more than $46 million in exceptions based on the terms and conditions of the governing purchase and sale agreement. Because of our expertise in understanding and interpreting agreements, our client ended up with a subtraction line from the purchase price on the final settlement statement in the amount of $46,000,000.00.
Our mission is to be a trusted audit partner across industries, providing comprehensive solutions to optimize operational performance, enhance profitability, and drive growth. With a commitment to excellence, integrity, and innovation, we deliver tailored and actionable insights through our expertise in various types of audits, including oil and gas joint venture audits, vendor audits, special projects, and emerging audit areas. As a family company, we prioritize building long-term relationships based on trust, collaboration, and mutual success, while continuously expanding our capabilities to meet the evolving needs of our clients in diverse industries. Our goal is to be the go-to audit firm for businesses seeking value-added solutions and unparalleled expertise.