Diane Kirk discusses how the current economy impacts oil and gas accounting and financial reporting

Diane Kirk, the industry technical leader for Plante Moran’s energy practice, recently appeared on The Oil and Gas Accounting Podcast to discuss how the current economic environment has been especially hard on the oil and gas industry and the subsequent accounting and financial reporting challenges companies face.

Diane discusses how crude reserves and M&A activity are impacted by current events and other challenges faced by oil and gas companies, including how economic recovery and stimulus measures haven’t necessarily helped the industry the way it needs.