MFI-40 24 Month Adjustment Period for Joint Account Adjustments

This document discusses industry inconsistencies in the interpretation and application of the 24-month adjustment period and explains situations and provides examples of the situations where charges may be allowed outside the 24-month adjustment period.  4 pages.  1998.

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Table of Contents

  1. Background
  2. Problem (Inconsistencies in Interpretation and Application)
  3. Interpretation
    1. Issuance of an Audit Report
    2. Physical Inventories
    3. Audit Exceptions Not Initiated by Operator
    4. Government/Regulatory Audit
    5. Ownership Interest Adjustments
    6. First Time or Amended Charges
    7. Joint Interest Audit Exceptions
SKU: MFI-40 Categories: ,