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No matter where your company operates, its measurement systems will be subject to laws, standards, regulations and possibly to partner agreements.

CEOs/CFOs are accountable for all reported financial data. If your company is affected by the Sarbanes-Oxley act or similar legislation then multi-million dollar penalties and long jail sentences are consequences for company executives who flout the act.

Financial data does not exist solely in the finance department. For oil and gas companies, data that impacts reported figures is found in the flow measurement and reporting systems.

The challenge of Sarbanes-Oxley is to ensure effective internal controls and transparency. Control must be maintained by someone who can merge his/her knowledge of the big picture, with his/her technical expertise in the measurement and reporting system. A typical accounting auditor does not have the technical background necessary to set up an effective internal controls system for the measurement reporting systems or to ensure correct datavalidation. METCO does.

So if you want to rest easy with regard to your compliance, let METCO audit and develop your measurement systems.



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