Overview
What is Petroleum Accountants Society Of Ms?
The Petroleum Accountants Society of Mississippi, abbreviated as PASM, is a nonprofit organization located in Madison, Mississippi. Its primary mission is to advance the field of petroleum accounting and auditing, while also furthering the development of improved accounting methods, processes, and procedures. PASM plays a significant role in supporting the COPAS Model Form Accounting Procedures and preserving the ethics of the petroleum accounting profession. In addition, the society offers social networking opportunities for petroleum accountants and CPAs working in the oil and gas industry, as well as educational opportunities for individuals and firms engaged in accounting and auditing work related to the oil and gas sector.
Is Petroleum Accountants Society Of Ms legitimate?
Petroleum Accountants Society Of Ms is a legitimate nonprofit organization registered as a 501(c)(6) entity. Petroleum Accountants Society Of Ms submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Petroleum Accountants Society Of Ms?
The Petroleum Accountants Society of MS supports its members by promoting advancements in petroleum accounting and auditing. It encourages the development of improved accounting methods, processes, and procedures. The society is involved in the creation and support of the COPAS Model Form Accounting Procedures and works towards enhancing the reputation of the petroleum accounting profession. Additionally, it preserves and enforces the ethics of the profession, provides networking opportunities for petroleum accountants, and offers educational resources for individuals and firms involved in accounting and auditing within the oil and gas industry.
Who is the CEO of Petroleum Accountants Society Of Ms?
Catherine K Naughton Peyt is the Principal Officer of Petroleum Accountants Society Of Ms.
What is the revenue of Petroleum Accountants Society Of Ms?
Petroleum Accountants Society Of Ms's revenue in 2022 was $6,441.
Who are the executives of Petroleum Accountants Society Of Ms and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Petroleum Accountants Society Of Ms?
Petroleum Accountants Society Of Ms's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Petroleum Accountants Society Of Ms
The Petroleum Accountants Society of MS, a notable organization within the petroleum industry, is committed to supporting its members and advancing the profession of petroleum accounting and auditing. The society achieves this by promoting improved accounting methods, processes, and procedures, fostering the development of the COPAS Model Form Accounting Procedures, and preserving and enforcing the ethics of petroleum accounting.
Furthermore, the Petroleum Accountants Society of MS seeks to advance the standing of the petroleum accounting profession. This is achieved by providing educational opportunities for individuals and firms involved in accounting and auditing in the oil and gas sector. Additionally, the society offers social networking opportunities for petroleum accountants and CPAs working with companies affiliated with the oil and gas industry.
In summary, the Petroleum Accountants Society of MS is a vital organization that supports its members by advancing petroleum accounting and auditing, fostering improved accounting methods, and promoting the ethics of the profession. Through educational opportunities and social networking events, the society aims to advance the standing of petroleum accounting and provide a platform for professionals in the field to connect and learn.
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Impact
October, 2024
The Petroleum Accountants Society of MS significantly enhances the profession of petroleum accounting and auditing through various initiatives. By focusing on the advancement of accounting methods and processes, the society plays a crucial role in improving industry standards.
Its involvement in the development of COPAS model accounting procedures ensures that members stay updated with best practices, fostering consistency and reliability in accounting within the oil and gas sector. This commitment also helps to elevate the profession's standing, creating recognition for the specialized skills and ethical responsibilities that petroleum accountants uphold.
Moreover, the society provides valuable educational opportunities tailored to the needs of individuals and firms engaged in oil and gas accounting and auditing. This educational focus not only enriches professional development but also drives innovation and efficiency in financial practices across the industry.
In addition, the Petroleum Accountants Society of MS facilitates social networking opportunities, connecting petroleum accountants and CPAs. This community-building aspect nurtures collaboration and knowledge sharing among professionals, ultimately leading to a more robust and cohesive industry.
Overall, the society's work in preserving and enforcing ethical standards is vital, fostering trust and integrity in financial reporting within the oil and gas industry. These efforts collectively contribute to the continued success and professionalism of those involved in petroleum accounting.
This information is meant to be a general summary of Petroleum Accountants Society Of Ms. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16
- Gross Receipts: $6,441
Assets and Liabilities:
- Total Assets: $32,451
- Total Liabilities: $0
- Net Assets: $32,451
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Organization Details
Founding Year
2017
Phone
(601) 707-8220Principal Officer
Catherine K Naughton Peyt
Main Address
PO BOX 418, MADISON, MS, 39130
NTEE Category
Code: S40 - Community improvement
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