Energy service companies

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Energy services face a very competitive landscape, especially since recent years. Finding success means providing the very best products and services to their clients and delivering results efficiently and effectively. PwC has a dedicated team of professionals specializing in accounting, income tax, financing, strategic planning, restructuring and business improvement, allowing Energy Services to focus their efforts on delivering customer value and exceeding customer expectations.

Energy services select PwC as their advisor of choice because of our industry knowledge, commitment to quality and excellence and Global Energy Network. Using the right mix of industry specialists and functional experts we build long-lasting relationships with our clients by offering insight and services that help you meet strategic, financial and operational goals and objectives.

Our core services for the Energy Services sector:

Transaction assistance

PwC professionals are trained to assist you through the financial and tax due diligence process. We assist in interpreting historical operating results and net working capital/debt position and exposures of the company being evaluated. Our team will help post deal with closing adjustments, purchase price allocations, or other financial reporting needs. Our professionals work closely with your in-house team and your legal and technical advisors throughout the process to identify issues relevant to you on a timely basis.

International expansion

As part of a global network, PwC has an international team at its fingertips. This guarantees compliance with regulations, controls and accounting policies throughout the world. We have assisted local-based companies interested in expanding globally with guidance on structuring and capitalizing their foreign investments and repatriating capital and profits. Our team will support you in gaining access to capital in other markets such as the AIM/LSE.

SR&ED

Canada offers tax credits under the Scientific Research and Experimental Development (SR&ED) investment tax credit program. For certain Canadiancontrolled private corporations, or for corporations undertaking SR&ED activities in Alberta, the credit is refundable even if tax isn’t owed. At PwC, we can help optimize your SR&ED claim while minimizing administrative burden.

Value-add tax advice

In addition to the traditional tax compliance and planning services, PwC can help identify optimization opportunities to enhance shareholder value through effective global tax strategies. We can advise on: appropriate business and financial structures for foreign operations; acquisition and financing of operations and investments abroad; repatriation of funds and taxation of foreign-source income; and the impact of tax treaties, foreign tax holidays and exchange controls. For start-up operations in Canada, PwC can optimize foreign and Canadian taxes, develop strategies to repatriate Canadian earnings and comply with Canadian tax filings. For those expanding abroad, we work closely with member firms worldwide to provide seamless global tax service to foreign-based multinationals. We help international companies optimize Canadian and foreign taxes, develop tax efficient strategies to repatriate cash to Canada, and comply with Canadian and foreign tax filings to better

Operational effectiveness

We help energy companies transform their organizations. This approach aims to go beyond mere standardization and cost reduction, and move toward increasing innovation, value creation and business differentiation. By helping companies with challenges such as rationalizing their asset portfolio, improving reliability and safety across the organization, creating real time operations with integrated systems and data management and proper controls, we can assist you in building a highly effective organization.

Advisory services

We provide a wide variety of integrated services to both audit and non-audit clients, tailored to accommodate each client’s unique circumstances and needs. Our team of highly experienced accounting professionals, subject matter specialists and local resources across Canada are ready to help you address:

Accounting Standard Adoption;
GAAP / IFRS Interpretation and Conversions;
IPOs and Capital Market Transactions;
Complex Mergers and Acquisitions;
Regulatory Issues and Restatements; and
Training Services / Expert Secondments

Additional services

Capital Markets and Accounting Advisory Services

Complex Mergers and Acquisitions

Carve-out financial statements
Pro-forma financial information
Accounting function integration

IPOs and Capital Market Transactions

Readiness assessments for public reporting
Advice on regulatory and exchange requirements
Assistance with financial statements, prospectus and other documents
Assistance with due diligence process
Advice on alternatives
Assistance with offering documents

Regulatory Issues and Restatements

Assistance with offering documents
Support in responding to regulatory comments and requests
Advice on alternatives

GAAP / IFRS Interpretation and Conversions

Diagnostic summary of key impacts on transition
Evaluation and development of accounting policies
Training development
Support in analyzing and documenting technical accounting issues

Accounting Standard Adoption

Adoption of new standards under IFRS, U.S. GAAP and Canadian GAAP for Private Enterprises
Diagnostic summary of key impacts on adoption
Evaluation and development of accounting policies
Training development and implementation
Support in analyzing and documenting technical accounting issues

Other Services and Products

On-site assistance / expert secondment
Quantitative analysis and model development
Tax Accounting Services
Comperio
Automated Disclosure Checklists
PwC IFRS Manual of Accounting

Financial reporting

Interpretation and adoption of IFRS and GAAP standards and reporting requirements
Corporate reporting
Analysis and documentation of technical accounting issues
Support in responding to regulatory comments and requests
Advice on accounting alternatives

Optimizing income statement & balance sheet positions

Regulatory advisory services

Assistance with regulatory files
Preparation for regulatory hearings
Expert witness services

Risk assurance

Internal audit effectiveness

Outsourcing and co-sourcing
Function transformation
Effectiveness and quality assessments

Optimizing controls

Enterprise resource planning (ERP) controls
Business controls advisory – planning, design and assessment

Managing risk in IT

Data assurance and analytics
IT risk assurance
Cybersecurity and privacy
Project assurance

Performance assurance

End-to-end performance assurance solutions
Third party risk management
Third-party assurance including trust service attestations (SysTrust) for processes and systems
Business process assurance and controls optimization

Capital project risk assurance

Capital project governance and controls optimization
Project audit (pre-construction readiness, construction and hand over to operations)
Commercial and contract assurance (cost management, recovery and contract management optimization)

Business resilience

Regulatory compliance
Business continuity management

Sustainability and climate change

Strategy and implementation
Reporting and assurance
Severe weather and climate adaptation
Health, safety and environment management systems
Governance management

Audit & other services

Mergers and acquisitions and corporate finance

Lead advisory services from transaction inception to close (buy and sell side)
Market entry strategy

Debt and capital advisory

Financing solutions for borrowers and shareholders

Valuation, modelling and disputes

Strategic value consulting (using analytics to quantify the associated tangible and intangible value impacts)
Fairness opinions
Disputes including litigation support
Business modelling

Transactions

Perform buy side or sell side financial, tax and operational due diligence

Infrastructure & project finance

Financial advisory services (private sector and public sector side)
Business case and feasibility analysis

Forensics

Investigate, analyze and remediate potential or actual crises including financial, regulatory and legal implications

Delivering deal value

Merger integration and divestiture/carve-out support
Operational, IT, and HR diligence
Synergy identification and management

Corporate tax and advisory

Corporate tax returns, tax obligations and compliance advisory
Capital tax planning, provincial and national tax strategy

International tax

Selection of appropriate business and financial structures for foreign operations
Acquisition and financing of operations and investments abroad
Repatriation of funds and the taxation of foreign-source income
Impact of tax treaties, foreign tax holidays and exchange controls

Transfer pricing

Planning, assessment, compliance and dispute resolution

Indirect tax

Jurisdictional obligations for GST, value-added tax, severance, property, employment and custom duties

Human resource services

Global mobility program assistance, including payroll, compensation and benefits
International tax structures and policies

PwC Law LLP

Canadian and global tax and legal services to support immigration programs (including governance strategy and training)

Scientific research and experimental development (SR&ED) credit

Assessment of R&D eligibility and grant applications and submissions

Tax mergers and acquisitions

Assess and manage acquisition and merger risk
Optimal tax deal structuring
Pre-acquisition and pre-sale due diligence
Post-deal tax solutions

Tax reporting and strategy

Tax operations management
Tax strategy assessments
Improve data management
Technology updates

Technology

Technology advisory (including IT strategy, governance, processes, systems selection and optimization)

Cybersecurity & privacy

Cyber threat intelligence and risk assessment
Security and resilience strategy development
Crisis management, incident response and containment
Forensics and investigation

Mobility

Strategy development, business consulting and benefits realization
Platform selection and architecture design
Systems integration and implementation advice
Data extraction and analytics on workforce productivity

Enterprise applications (Oracle, Microsoft, Salesforce, SAP and Workforce)

Custom Application design, development, testing and deployment
Enterprise Application Integration
Enterprise Resource Planning
Customer Relationship Management
Supply Chain Management
Product Lifecycle Management (including product design and launch)

Delivering deal value

Merger integration and divestiture/carve-out support
Operational, IT and HR diligence
Synergy identification and management

Finance effectiveness

Finance operations
Enterprise performance management
Sustainable cost reduction

Operations excellence

Operations strategy and transformation
Procurement and sourcing
Lean operations and change management programs

Capital project & asset management

Capabilities transformation and execution (including project management, controls, procurement, turnover and commissioning)
Asset lifecycle management
Enterprise asset management (including strategy, assessment and technology implementation)

Procurement and supply chain