Operational oversight and audit are key elements that ensure
accountability, fairness and transparency. Our regulatory and oversight development model integrates public
oversight reviews and audits that have proven successful even in complex business environments such as resource
Example. Hydrocarbons or minerals exploration and/or production sharing contracts are subject to
abuse by contractor's excessively high operating expenditures resulting in reduced revenues to the host
nation. Inflated subcontracts and/or procurement costs are often difficult to detect in traditional financial
reviews and audits. The Marx Group's experts use sophisticated analysis tools and methods to detect abuses.
During a recent procurement review for the hydrocarbons regulatory authority in a nation developing its
natural resources The Marx Group procurement experts identified contractor abuses and practices that permitted the
host nation to substantially reduce the contractor's allowable operating expenses leading to higher host
nation revenues. A procurement review can potentially deliver high returns for the host nation, and establish
practices that improve future long-term revenues. Contact us to learn more.