The Afrosai-e in collaboration with working group on the audit of extractive industries (WGEI) community of practice (CoP) has so far conducted 3 extractive industry training workshops. The first training workshop held in Johannesburg South Africa from 25th to 29th April 2016. The major objective of this workshop was to build capacity and provide valuable tools to support SAIs in auditing extractive industries (EI). The workshop drew participants from several countries organizations including: South Africa, Sierra Leone, Zambia, Uganda, Botswana, Namibia, Norway, Kenya, GIZ, and African Tax Administration Forum (ATAF).
The workshop evaluated the key risks and major challenges in the extractive industries, the generic extractive industries value chains, the fiscal regimes and their major terms, risk assessment along the value chain and a high level introduction to transfer pricing.
After this workshop, participants were able to map out key extractive industries audit risks and audit considerations in extractive industries. The participating SAIs were encouraged to use the acquired knowledge to plan and execute at least one audit in extractive industry. As a result, a follow up workshop was organized and held from 21st -23rd September, 2016. During this workshop, participants from different SAIs shared knowledge and experiences of the audits they were individually undertaking. Due to increased interest from SAIs regarding EI capacity building workshops, Afrosai-e together with the WGEI-CoP, organized a third workshop from 29thMay-2nd June, 2017 where SAIs presented and shared their country experiences and common observations .
In order to continue with our networking drive with external stakeholders, WGEI-CoP participated in the Extractive Industry Transparency Initiative (EITI), global conference that was held in Lima, Peru in February 2016. During this event a permanent stand to present the activities of WGEI was managed by the secretariat staff. The secretariat has been in constant collaboration with the EITI secretariat in Oslo and together will continue to elaborate on the role of SAI in the audit of EI.
Additionally, the WGEI-CoP exhibited their activities during the XXII INCOSAI that was held in Abu Dhabi National exhibition Center from 5th-11th December, 2016.
Over 85 participants visited our exhibition stand and this had a great impact on membership. After this exhibition, 6 new SAIs joined the working group.