Poole Audit is a third-generation auditing firm that has been serving the Houston area since 1965, and in its current iteration since 1992. We have a team of dedicated personnel which on average have 15 years of experience in the industry. We conduct audits of all types which include construction projects, vendor audits, Joint Venture projects, M & A audits, revenue, and royalty audits with a wide range of cost types. In an average year, the Poole Audit team audits over $7 billion of assets with every type of cost, and hundreds of different contracts. In addition, our audit firm is one of the few companies which will provide post-audit resolution support. Many companies perform audits but do not provide additional assistance in resolving audits including conducting resolution meetings.

Poole Audit specializes in comprehensive Joint Venture Audit services, providing businesses with the tools and insights to maximize performance and ensure compliance within joint venture agreements. Our meticulous audit process helps identify potential risks, uncover operational inefficiencies, and optimize financial outcomes. With our expertise in financial analysis and auditing, Poole Audit is your trusted partner in enhancing joint venture operations. Discover how our Joint Venture Audit services can drive success and foster strong partnerships.

Joint Venture Audit Process-

• Send ballots to all partners to minimize costs for client and alert working interest partners of the audit
• Brief relevant contract terms
• Review Operator’s well files and customize a data analysis plan to effectively interpret and disperse information from the JADE
• Review vouchers for compliance with contracts, including but not limited to locations worked, hours worked, coding accuracy, supervision levels, etc.
• Reconcile Tangibles & Consumables such as casing, fuel, water, sand, etc.
• Prepare exception report and send to client for approval, then send the report and accompanying support to the Operator
• Closing conference with Operator

Extra Value Add Services Provided by Poole Audit:

• Tracking File Maintenance: We maintain a comprehensive tracking file for our clients, documenting all audit exceptions for easy reference and follow-up.
• Credit Confirmation: We assist in confirming any granted credits, ensuring accurate accounting and financial transparency.
• Post-Audit Support: Our services extend beyond the audit itself. We provide post-audit support, including resolution meetings and assistance with audit report rebuttals, to help resolve any outstanding issues effectively.

Efficient Revenue Audit Services by Poole Audit

Poole Audit offers comprehensive Revenue Audit services designed to maximize efficiency and value for our clients. Our streamlined process ensures a thorough examination of revenue-related transactions while minimizing costs. Here's an overview of our Revenue Audit process.

1. Partner Ballots and Communication: We initiate the audit process by sending ballots to all partners involved. This not only minimizes costs for our clients but also alerts working interest partners about the upcoming audit.
2. Contract Terms Briefing: We conduct a thorough review of the relevant contract terms to establish a solid understanding of the obligations and entitlements outlined in the agreements.
3. Customized Data Analysis: Our team reviews the Operator's well files and creates a tailored data analysis plan. This plan allows us to effectively interpret and distribute information obtained from the RADE.
4. Compliance Review: We meticulously examine purchase statements to ensure compliance with contracts and production statements. Our review covers crucial aspects such as locations, pricing, deductions, and more.
5. Consumables Reconciliation: We reconcile consumables like lease fuel, line loss, plant consumption, and other relevant items to ensure accurate accounting and eliminate discrepancies.
6. Exception Reporting: We prepare an exception report detailing any findings and discrepancies. This report is sent to the client for approval before being shared with the Operator. Our commitment to transparency and collaboration ensures that all parties are well-informed.
7. Closing Conference: A closing conference is scheduled with the Operator to discuss the audit findings and address any queries or concerns.

Extra Value Add Services Provided by Poole Audit:

• Tracking File Maintenance: We maintain a comprehensive tracking file for our clients, documenting all audit exceptions for easy reference and follow-up.
• Credit Confirmation: We assist in confirming any granted credits, ensuring accurate accounting and financial transparency.
• Post-Audit Support: Our services extend beyond the audit itself. We provide post-audit support, including resolution meetings and assistance with audit report rebuttals, to help resolve any outstanding issues effectively.

At Poole Audit, we strive to deliver efficient and comprehensive Revenue Audit services that bring significant value to our clients. Contact us today to optimize your revenue-related transactions and ensure compliance with contracts, all while minimizing costs and enhancing your financial transparency.

Poole Audit offers top-notch Vendor Audit services, helping businesses maintain financial accuracy and ensure compliance with vendor contracts and agreements. Our comprehensive audit process is designed to identify any discrepancies, inefficiencies, or potential areas of improvement within your vendor relationships. With a deep understanding of financial intricacies and a commitment to delivering results, Poole Audit is the trusted partner to optimize your vendor management. Discover how our Vendor Audit services can enhance your financial operations and drive business success.

Whether you are a small business or a large corporation, our Vendor Audit services are tailored to meet your specific needs. Poole Audit combines extensive industry knowledge, advanced auditing techniques, and a client-centric approach to deliver outstanding results. Maximize your financial potential and mitigate risk with our Vendor Audit expertise.

Vendor Audit Process-

• Initial meeting to establish risk evaluation for vendors/ internal departments and review:
• Company and vendor background
• Procurement processes
• Scope of vendor work
• Information received from vendor, or other entity being audited
• Workpaper creation
• Thorough examination of records to assess:
• Time sheets, work tickets, and personnel billing
• Day-to- day activities for compliance with HSE and other guidelines
• Compliance with MSAs
• Accurate chargeability
• Risk level
• Compilation of found issues
• Final meeting with client and dissemination of report

Sample of Audit Results

• Duplicate charges resulting in monetary exceptions issued for correction
• Lack of formal timesheets
• Inefficient staffing practices
• Inefficient time recording
• Fluctuating rates for routine services
• Excessive hours billed
• Lack of policies regarding entertainment
• Conflicts of interest for the vendor in regards to personal relationships
• Inaccurate coding processes

*This is a sample, not a complete list, of common issues uncovered by Poole Audit

Extra Value Add Services Provided by Poole Audit:

• Tracking File Maintenance: We maintain a comprehensive tracking file for our clients, documenting all audit exceptions for easy reference and follow-up.
• Credit Confirmation: We assist in confirming any granted credits, ensuring accurate accounting and financial transparency.
• Post-Audit Support: Our services extend beyond the audit itself. We provide post-audit support, including resolution meetings and assistance with audit report rebuttals, to help resolve any outstanding issues effectively.

Contact Poole Audit today to schedule a consultation and discover how our Vendor Audit services can drive financial accuracy, compliance, and operational excellence within your organization.

Navigating acquisitions and divestitures requires a keen eye for detail and a deep understanding of financial implications. At Poole Audit, we conduct comprehensive assessments, evaluate potential targets, and provide strategic insights to guide your decisions. Our in-depth analysis of financial statements, contracts, and operational metrics equips you with the knowledge needed to negotiate effectively, mitigate risks, and optimize outcomes, setting the stage for your business's long-term success.

Cutoff Audits: Ensuring Accuracy in Financial Reporting

During acquisitions, accurate financial reporting is paramount. At Poole Audit, we meticulously review your financial records, ensuring proper recognition and allocation of assets, liabilities, and revenues. Our expert team conducts thorough transactional data analysis, reconciles accounts, and verifies compliance with accounting standards. With our diligent cutoff audits, you can have complete confidence in the accuracy and integrity of your financial statements, building trust with stakeholders and facilitating smooth post-acquisition operations.

Property Analysis: Informed Decisions for Real Estate Assets

Understanding the true value and condition of your real estate assets is crucial for making sound business decisions. Poole Audit provides comprehensive property analysis services to evaluate properties accurately. Our experts assess lease compliance, conduct property condition inspections, and perform financial impact analysis. Armed with our insights, you can make well-informed decisions, whether it's for investment purposes, divestitures, or strategic planning, we help to ensure you optimize the value and potential of your real estate holdings.

By choosing Poole Audit, you gain a trusted partner committed to your success. Our tailored solutions, combined with our meticulous analysis and expert recommendations, provide you with a competitive edge in the complex landscape of acquisitions, divestitures, and property analysis.

Contact Poole Audit today to explore how our expertise in acquisition and divestiture analysis, cutoff audits, and property analysis can propel your business forward. Let us support you in making informed decisions, ensuring accuracy, compliance, and strategic advantage every step of the way.

At Poole Audit, we specialize in optimizing business performance through our revenue analysis and commercial reorganization services. Our expert team conducts in-depth reviews of your revenue and expenses, identifying areas for improvement and cost-saving opportunities. Additionally, we offer comprehensive support for commercial reorganization, streamlining your operations for enhanced efficiency. Trust Poole Audit to maximize your business's performance and drive sustainable growth. Contact us today to unlock your business's full potential.

Sample Process-

• Review prospective Acquisition Agreement
• Schedule inventory of material assets and equipment
• Manage and/or provide appraisal of material assets & equipment
• Manage and/or provide appraisal of Real Property
• Audit business income and expenses- monthly and annually
• Review Owner & Management originated business expenses & expenses reports
• Obtain and review business tax returns- Federal & State 3 Years

Our specialized services provide comprehensive support to businesses and individuals navigating the complex world of insurance claims. With our expertise in financial analysis and auditing, we ensure accurate assessment, fair settlements, and efficient claims processes. Discover how Poole Audit can help you maximize your insurance coverage and recover from storm-related damages.

At Poole Audit, we offer:

• Thorough Insurance Claims Audits: Our experienced team meticulously reviews insurance policies, claim documentation, and loss estimates. We verify coverage, assess damages, and identify any potential gaps or discrepancies, ensuring fair and timely claim settlements.

By partnering with Poole Audit, you gain a trusted advisor who will ensure transparency, accuracy, and efficiency throughout the insurance claims process. Contact us today to optimize your insurance coverage and recover from storm damage with confidence.

Our specialized services help construction companies and project owners enhance financial control, mitigate risks, and optimize project outcomes. With our expertise in financial analysis and auditing, we provide thorough assessments to ensure compliance, identify cost-saving opportunities, and maximize efficiency. Discover how Poole Audit can support your construction projects for greater success.

At Poole Audit, we offer:

• Financial Control Assessments: Our experts review financial processes, budgeting, and cost management systems to ensure effective financial control throughout construction projects. We identify areas for improvement, optimize financial workflows, and enhance accountability.
• Risk Mitigation Strategies: We analyze project contracts, change orders, and insurance coverage to identify potential risks and ensure appropriate risk mitigation measures are in place. Our audits help safeguard your construction projects from financial and legal challenges.
• Cost and Performance Analysis: Our comprehensive audits evaluate project costs, including labor, materials, and subcontractor expenses. We identify cost-saving opportunities, assess project performance, and provide actionable recommendations to optimize financial outcomes.
• Vendor Audit: Poole has extensive research in vendor audits and can provide in depth analysis of vendor compatibility and compliance.

By partnering with Poole Audit, you gain a trusted advisor who will enhance financial control, mitigate risks, and drive efficiency throughout your construction projects. Contact us today to optimize your construction operations and achieve greater success.

Poole Audit provides expert Litigation Support services for both Personal and Business clients. With our extensive experience in financial analysis, forensic accounting, and auditing, we offer invaluable assistance during legal disputes.

Personal Litigation Support: Our team understands the profound impact of legal conflicts on individuals and their families. Whether it's divorce settlements, personal injury claims, or estate disputes, our accurate financial analysis helps determine fair outcomes. We review financial records, assess asset valuations, and present clear findings to facilitate effective negotiation or representation in court. Trust us to alleviate stress and uncertainty, ensuring favorable outcomes for our clients.

Business Litigation Support: Commercial disputes can be complex, but our expertise in financial analysis, fraud detection, and damage assessment is here to help. We analyze intricate financial records, identify irregularities, and quantify potential losses in cases such as breach of contract, shareholder disputes, or financial misconduct allegations. Our comprehensive financial analysis strengthens your legal position, whether through negotiation, settlement, or trial.

Why Choose Poole Audit's Litigation Support Services:

• Expert financial analysis and objective evaluation of records
• In-depth knowledge of legal proceedings and financial intricacies
• Clear and concise presentation of findings
• Mitigation of potential losses
• Strengthened legal position for favorable outcomes
• Alleviation of stress and uncertainty

When it comes to Litigation Support, Poole Audit is your trusted partner. Contact us today to ensure your financial interests are protected during legal proceedings.

Poole Audit specializes in providing extensive financial investigations to aid in settlement services and conflict resolution. While we are not legal professionals handling lawsuits directly, our expertise lies in conducting thorough financial analyses and investigations to support legal teams during disputes. Our services encompass skilled negotiation, mediation facilitation, and tailored conflict resolution strategies.

At Poole Audit, we offer:

• Financial Investigation: Our experienced professionals excel in conducting in-depth financial investigations to uncover critical evidence and provide valuable insights. We analyze financial records, assess transactions, and identify patterns or discrepancies that can strengthen your position during settlement negotiations or conflict resolution processes.
  
  
• Negotiation and Mediation Support: With our expertise in negotiation and mediation, we help parties involved in disputes find common ground and reach mutually beneficial agreements. Our skilled professionals facilitate productive discussions, guide the negotiation process, and work towards fair resolutions.
  
  
• Settlement Agreement Assistance: We provide expert guidance and support throughout the settlement agreement process. Our team ensures that all terms and conditions are clear, fair, and legally sound, protecting your interests and facilitating successful resolutions. We work closely with legal teams to ensure that financial aspects are appropriately addressed within the settlement agreement.

Partner with Poole Audit for comprehensive financial investigations and support in settlement services and conflict resolution. Our deep understanding of financial complexities and our commitment to delivering accurate and valuable insights can significantly bolster your legal strategy. Contact us today to leverage our expertise and find effective solutions for your unique situation.

Poole Audit specializes in providing customized solutions for special projects. Our expertise in financial analysis, auditing, and project management enables us to tackle unique challenges and deliver successful outcomes. Whether it's a complex financial investigation, process optimization, or risk assessment, our team is equipped to handle diverse special projects with precision and expertise.

Our special project services include:

• Financial Investigations: We conduct comprehensive financial investigations to uncover critical information, identify irregularities, and provide valuable insights for informed decision-making. Our skilled professionals meticulously analyze financial records and transactions to support legal proceedings or internal inquiries.
  
  
• Process Optimization: Our consultants analyze existing processes, identify inefficiencies, and recommend tailored improvements to optimize your operations. By streamlining workflows, reducing costs, and enhancing productivity, we help you achieve greater efficiency and effectiveness.
  
  
• Risk Assessments: We assess and evaluate potential risks that may impact your business or specific projects. Our team identifies vulnerabilities, develops risk mitigation strategies, and provides recommendations to safeguard your operations and assets.

Partner with Poole Audit for specialized expertise in handling your special projects. Our dedicated professionals bring deep industry knowledge, analytical rigor, and a commitment to delivering exceptional results. Contact us today to discuss your unique project requirements and discover how Poole Audit can support your success.

Poole Audit offers consulting services designed to provide strategic guidance and drive business excellence. Our team of experienced consultants works closely with you to understand your business objectives and develop tailored solutions to help you achieve sustainable growth and overcome challenges. With our deep industry knowledge and expertise in areas such as strategic planning, process optimization, and financial analysis, we empower you to make informed decisions and maximize your business potential.

Our consulting services include:

• Strategic Planning: We assist in developing comprehensive strategic plans aligned with your business objectives. Through market analysis, competitive assessments, and goal setting, we help you create a roadmap for success.
  
  
• Process Optimization: Our consultants evaluate your existing processes, identify bottlenecks, and recommend improvements to enhance efficiency and streamline operations. By optimizing workflows, you can achieve cost savings and improve overall productivity.
  
  
• Financial Analysis: We conduct thorough financial analysis to provide valuable insights into your financial performance. Our experts assess key financial metrics, identify trends, and offer recommendations to optimize profitability and financial decision-making.

Partner with Poole Audit for expert consulting services tailored to your business needs. Our consultants bring a wealth of experience and a data-driven approach to deliver tangible results and drive your business towards excellence. Contact us today to discuss your consulting requirements and explore how Poole Audit can help you achieve your goals.

At Poole Audit, we specialize in providing comprehensive audit services to support government contractors in maintaining compliance and maximizing operational efficiency. Our experienced team possesses in-depth knowledge of government contract regulations, enabling us to conduct meticulous audits that ensure contractual obligations are met. With a focus on accuracy, transparency, and credibility, Poole Audit is your trusted partner in navigating the complexities of government contracts. We leverage our experience in performing a vast array of audit times to bring clarity to government agencies and provide a cost-effective solution to audit needs.