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Title: Auditing Liquid Measurement
Author: Linda A. Larson
Source: 2003 International School of Hydrocarbon Measurement
Year Published: 2003
Abstract: An effective audit of liquid hydrocarbon measurement is dependent upon a solid understanding of the measurement process combined with the application of sound internal auditing principles. The quality of liquid measurement activities is contingent upon (1) the reliability of the measurement equipment and instrumentation used (2) the specific procedures and practices followed in performing the measurement activities (3) the adequacy of training and proper performance of the measurement technician and (4) the proper documentation of transactions based on a measured value. All four components must be taken into consideration when auditing liquid measurement. In addition, to ensure the efficiency of the audit process, auditors must identify those areas which present the greatest risk to the organization to achieving its goals, and concentrate audit effort on those areas.