Russ: This is the PKF Texas Entrepreneur’s Playbook. I’m Russ Capper, this week’s guest host, and I’m here once again with Kirsten Strieck, a shareholder and Director of Operations and Client Services at Joint Venture Strategic Advisors. Welcome back to the Playbook, Kirsten.
Kirsten: Thanks, Russ.
Russ: You bet. I assume in this joint venture advisory work that you guys do that there has to be an audit involved somewhere.
Kirsten: We do many types of audits. We do operating and capital expense audits, which are related to the joint operating agreement. We do production revenue royalty audits. We provide measurement audits, vendor audits, payout statement audits, final statement of adjustment audits and many more.
Russ: So in every one of the assessments that you do, do you do all of those audits or is it kind of customized by the arrangement?
Kirsten: It’s very customized to whatever the client’s looking at auditing, or we can go in and we can suggest an audit plan for them.
Russ: Okay, very interesting, thanks a lot.
Kirsten: Thank you.