Accounting Issues/Procedures Committee

IADC Accounting Issues/Procedures

Mission Statement

The mission of the IADC Accounting Issues/Procedures Committee is to facilitate the exchange of information regarding accounting and financial reporting issues, current/proposed processes and compliance with FASB, PCAOB and SEC rules and regulations through the exchange of best practices among its committee members and the industry.

Officers

Chair
Colleen Grable, Valaris plc

Vice Chair
Melissa Barron, Diamond Offshore

Staff Liaison
Dean Gant, IADC

Join the Committee

To get started, please contact the IADC Accounting Issues Committee.

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Committee Structure

A member appointed by the Chairman of IADC will chair the IADC Accounting Issues Committee. The Committee Chairman may at his discretion appoint a reasonable number of Committee Vice-Chairmen to oversee specific disciplines or issues (e.g., onshore/offshore safety issues, environmental practices, specific regulatory issues, etc.)

General meetings are open to participants from all categories of IADC membership. The Chairman may invite non-members to attend when it furthers the interests of the Committee. At the discretion of the Chairman and IADC staff, the meeting or portions of the meeting may be exclusively reserved for drilling contractor members. Meetings will be held at such times and locations as may be selected by the Chairman with the advice of the Committee.

IADC Committee activities are governed by IADC’s Antitrust Policy and Guidelines.

Meeting Minutes

Date Function Location
2019
26 September 2019 General Committee Meeting Houston, TX, USA
20 June 2019 General Committee Meeting Houston, TX, USA
21 March 2019 General Committee Meeting Houston, TX, USA
2018
8 November 2018 General Committee Meeting Houston, TX, USA
13 September 2018 General Committee Meeting Houston, TX, USA
14 June 2018 General Committee Meeting Houston, TX, USA
22 March 2018 General Committee Meeting Houston, TX, USA
2017
16 November 2017 General Committee Meeting Houston, TX, USA
21 September 2017 General Committee Meeting Houston, TX, USA
29 June 2017 Revenue Recognition Subcommittee Houston, TX, USA
8 June 2017 General Committee Meeting Houston, TX, USA
23 March 2017 General Committee Meeting Houston, TX, USA
2016
8 December 2016 General Committee Meeting Houston, TX, USA
22 September 2016 General Committee Meeting Houston, TX, USA
15 September 2016 Revenue Recognition Subcommittee Houston, TX, USA
1 September 2016

IADC AIP Revenue Leases Summary

Revenue Recognition Subcommittee Houston, TX, USA
18 August 2016 Revenue Recognition Subcommittee Houston, TX, USA
30 June 2016 Revenue Recognition Subcommittee Houston, TX, USA
23 June 2016 General Committee Meeting Houston, TX, USA
16 June 2016 Revenue Recognition Subcommittee Houston, TX, USA
24 March 2016 General Committee Meeting Houston, TX, USA
2015
10 December 2015 General Committee Meeting Houston, TX, USA
22 September 2015 Revenue Recognition Subcommittee Houston, TX, USA
17 September 2015 General Committee Meeting Houston, TX, USA
27 August 2015 Revenue Recognition Subcommittee Houston, TX, USA
17 August 2015 Revenue Recognition Subcommittee Houston, TX, USA
18 June 2015 General Committee Meeting Houston, TX, USA
11 June 2015 Revenue Recognition Subcommittee Houston, TX, USA
25 March 2015 General Committee Meeting Houston, TX, USA
2014
4 December 2014 General Committee Meeting Houston, TX, USA
19 June 2014 General Committee Meeting Houston, TX, USA
20 March 2014 General Committee Meeting Houston, TX, USA
2013
19 September 2013 General Committee Meeting Houston, TX, USA
20 June 2013 General Committee Meeting Houston, TX, USA
21 March 2013 General Committee Meeting Houston, TX, USA
2012
13 December 2012 General Committee Meeting Houston, TX, USA
27 September 2012 General Committee Meeting Houston, TX, USA
2011
22 September 2011 General Committee Meeting Houston, TX, USA
22 June 2011 General Committee Meeting Houston, TX, USA

Meeting Schedule

Date Function Location
10 December 2020 General Committee Meeting Virtual Meeting
25 March 2021 General Committee Meeting IADC HQ
17 June 2021 General Committee Meeting IADC HQ
16 September 2021 General Committee Meeting IADC HQ
9 December 2021 General Committee Meeting IADC HQ

Committee Meetings Policy

General meetings are open to participants from all categories of IADC membership. The Chairman may invite non-members to attend when it furthers the interests of the Committee. At the discretion of the Chairman and IADC staff, the meeting or portions of the meeting may be exclusively reserved for drilling contractor members. Meetings will be held at such times and locations as may be selected by the Chairman with the advice of the Committee.

All dates and times are subject to change.

Committee Initiatives

  • AIP committee has no special initiatives for 2021
  • AIP committee will continue to discuss accounting technique and footnotes for the new accounting pronouncements and any SEC letter issues