Blog

What is the Community of Practice (CoP)?

The Community of Practice (CoP) is an initiative from the WGEI where the aim is to facilitate knowledge sharing on audit of the extractive industries sector. The general objective of the CoP is to strengthen SAIs’ role in fostering accountability and transparency in the Extractive Industries, in line with the overall objective of the WGEI.…
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GIZ Workshop: Enhancing SAI Capacity in Auditing the Extractive Industry Sector; Kampala 10 -12 September 2015

The German Government through GIZ (Gesellschaft für internationale Zusammenarbeit) is working on improving public financial management and good government in Africa. GIZ recognises the importance and value of developing SAI capacity and effective work with Parliaments, particularly in resource-rich African countries. In seeking to develop and share good practice, GIZ collaborated with seven African SAIs…
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WGEI Newsletter Issue No. 1 – August 2015

The content of this newsletter Introductions Welcome from WGEI Chair WGEI website re-launch Need to know The Extractive Industries value chain: possible audit topics What is transfer pricing, and why should SAIs care about it? SAIs and the audit of Extractive Industries Trainings and events The 2nd WGEI meeting to be held in Oslo 21-23 September…
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What is Transfer Pricing? and why should SAIs care about it?

An estimated 60 % of world trade is transactions between branches and subsidiaries of multinational enterprises (MNE). The way prices are set for these transactions (transfer prices) can greatly influence the overall taxes paid by the enterprise, as costs are shifted to high tax jurisdictions, and profits move to jurisdiction with less or no profit…
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