The annual WGEI Steering Committee meeting was held in Pretoria, South Africa, from 25th to 27th September 2018. The theme of the meeting was “Illicit Financial Flows”. The guest speakers delivered detailed presentations on this subject and provided an insight into how SAIs can help prevent this practice. The Steering Committee discussed a number of important...Read More
The content of this newsletterIntroduction
- About this issue
- New World Bank Manual and other Resources could Increase Transparency in Extractive-Sector Licensing and Assist SAIs During Reviews
- Watching Every Last Cent: New Tools for Monitoring Oil and Mineral Revenues
- Real Time Cost Monitoring and Audit Under The Production Sharing Agreement (PSA)...
A new resource from the World Bank’s Financial Integrity Unit is now available and could be of assistance to Supreme Audit Institutions (SAI) when conducting audits using the extractive-industries value chain. The value chain describes the different steps of the development process, from discovery through extraction, to lasting value creation for society. Read More
Transfer pricing (TP) is an ever-growing concern for resource rich under-developed countries. The OECD (Organization for Economic Co-operation and Development) and the BEPS (Base Erosion Profit Shifting) project have gone a long way in preparing guidelines and regulations that such countries can adopt in order to tackle this problem. African countries are losing over USD...Read More