Strong and effective Supreme Audit Institutions can contribute to better and more transparent oversight of Extractive Industries (EI) and help to ensure that governments manage natural resources in the best interest of the public. The INTOSAI working group on the audit of extractive industries (WGEI) is undertaking a number of initiatives to strengthen SAI’s ability to fulfill this function. At the same time, several stakeholders have made a strong call for more systematic compilation of the many experiences, tools and lessons held by different SAIs and partners, and a more formal platform for advancing this field of work in a coordinated way.
A survey conducted by WGEI among its members confirmed that knowledge and experience sharing and networking are paramount in enhancing the capability of SAIs in audits of this sector.
In line with the above, SAI Uganda in collaboration with WGEI Community of practice and Afrosai-e has organized an extractive industries workshop scheduled to take place in Kampala Uganda from 11th -15th September 2017.
The theme of this workshop is; “Enhancing the audit of Extractive Industries: Risks and Mitigation”. The main objective of this workshop is to build capacity and deliver valuable tools to help SAIs effectively audit extractive industries (EI). In particular the course will provide an insight for SAIs to undertake strategic planning for the EI sector audits, identify risks in the value chain and how SAIs respond to those risks, examination and benchmarking of different Fiscal regimes.
At the end of the course participants will be able to:
• Strategically plan for the audits in their SAIs at an institutional level, to develop long term plans (3-5yrs), identify staff and other resource needs for the SAI to effectively undertake audits in EI,
• Identify and assess various risks along the EI value chain, key players, their roles and map out the different types of audits to be conducted to respond to the assessed risks,
• Gain skills to evaluate and compare different fiscal regimes, forecast government revenues and assess risks of any leakages,
• Provide better oversight to the EI sector through informed reports and recommendations