Engagement summary
Client Background
Permex Petroleum is an oil and gas exploration and production company with operations focused on the Permian Basin, dual-reporting under U.S. GAAP and IFRS as a cross-listed company.
Engagement Scope
R&M was engaged for a focused U.S. GAAP-to-IFRS reconciliation analysis covering differences in successful-efforts accounting and financial-instrument classification to support Canadian-jurisdiction reporting.
Services Provided
- U.S. GAAP to IFRS reconciliation
- Successful efforts accounting alignment
- Financial instrument classification under IFRS