OIAC was established in 1984 in the United Kingdom (UK), to play a key role in representing the views of the oil and gas industry in various accounting forums and to give guidance on the interpretation and application of accounting standards to the industry. The scope of OIAC extends to external financial accounting considerations specific to the industry for companies which are required to prepare their financial statements in accordance with UK GAAP.

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Welcome to OIAC's website. At this site you can learn more About us, including our Terms of Reference, committee membership (also set out in People) and relationship to the ASB. News includes details of recent accounting changes and how they affect our industry together with an alert which covers forthcoming changes or other matters of concern that the industry should be aware. Pronouncements includes downloadable copies of all current pronouncements and any exposure drafts of SORP's or guidance awaiting comment. Finally Links includes details of other accounting related web sites which are of relevance to our industry.

To receive news alerts and notification of updates to this site by email all you have to do is register here.

Once you have registered you will receive an email confirming your registration. This email will be from OIAC mail.

If you have any comments on this site or wish to comment on any draft pronouncements please contact the Secretary of OIAC by email: OIAC Secretary

This site is up to date as at 30 November 2003.