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COPAS Accounting Procedures: From a Litigation Perspective

Contains material from May 2024

COPAS Accounting Procedures: From a Litigation Perspective
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COPAS accounting procedures are most commonly dealt with in the transactional phase of drafting a joint operating agreement, and then later during the life of the agreement in the course of ongoing accounting activities and routine audits. However, they can also have a significant impact in the course of litigation, including in terms of potential preclusive effects of the exception deadlines, and in terms of discovery strategy. Hear an overview of COPAS audit procedures, as well as potential implications on litigation.

Includes: Video Audio Paper Slides

  • Total Credit Hours:
  • 0.50
  • Credit Info
  • TX, CA, PA
  • TX MCLE credit expires: 5/31/2025

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1. COPAS Accounting Procedures: From a Litigation Perspective (May 2024)

Austin W. Brister, M. Alejandra Salas

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Session 1 —27 mins
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COPAS Accounting Procedures: From a Litigation Perspective (May 2024)

COPAS accounting procedures are most commonly dealt with in the transactional phase of drafting a joint operating agreement, and then later during the life of the agreement in the course of ongoing accounting activities and routine audits.  However, they can also have a significant impact in the course of litigation, including in terms of potential preclusive effects of the exception deadlines, and in terms of discovery strategy.  Hear an overview of COPAS audit procedures, as well as potential implications on litigation. 

Originally presented: Apr 2024 Oil, Gas and Mineral Law Institute

Austin W. Brister, McGinnis Lochridge - Houston, TX
M. Alejandra Salas, McGinnis Lochridge - Austin, TX