Create Audit Reports for Joint Ventures

As a managing partner of a joint venture, you might be required to provide an audit report to external auditors to help ensure that the joint venture is operating in accordance with the joint operating agreement. The report includes a subset of the transactional data for joint venture costs, expenses, and other transactions along with information about the original transaction.

In the oil and gas industry, this transactional report is known as Joint Audit Data Exchange (JADE).