WGEI Newsletter Issue No. 11 – May 2018

The content of this newsletter

Introduction

  • About this issue

Need to know

  • Afrosai- E Is Updating Its Audit Guideline for Extractive Industries
  • The Audit Office of Vietnam Audit on The Licensing of Mineral Exploration and Mining during the period 2014-2016
  • Mining In Uganda: The case for a National Mining Company
  • SAI Uganda: Meeting the Challenge of Extractive Industry Auditing

Trainings and Events

  • Zambia Hosts The 2nd meeting of the Intosai Working Group On Extractive Industries (WGEI) Learning Taskforce

Introduction

About this issue: 

Welcome to the eleventh edition of the WGEI newsletter! In this edition of the newsletter, you can read about Afrosai- E Is Updating Its Audit Guideline for Extractive Industries, The Audit Office of Vietnam Audit on The Licensing of Mineral Exploration and Mining during the period 2014-2016, Artisanal Mining in Uganda, SAI Uganda: Meeting the Challenge of Extractive Industry Auditing, Zambia Hosts The 2nd meeting of the Intosai Working Group On Extractive Industries (WGEI) Learning Taskforce.
Have a nice read!

Need to know

Afrosai- E Is Updating Its Audit Guideline for Extractive Industries (By Nikeziwe Khanyile – Technical Assistant Manager /AFROSAI-E)

The currently in force AFROSAI-E guideline on “Audit Considerations For Extractive Industries” was updated from a 2013 version in the year 2015. The update resulted in some sections of the 2013 version being deemed irrelevant after implementation in the region, such as detailed audit procedures, being removed. Some of the sections where re-written in order to clarify that the principles applied to oil and gas are equally applicable to mining. With the passage of time as the AFROSAI-E region matures in the audit of the EI sector, and in line with the founding principles of AFROSAI-E on incessant innovation – an updated version of the guideline is required. Read More…

The Audit Office of Vietnam Audit on The Licensing of Mineral Exploration and Mining during the period 2014-2016 (By Phan Truong Giany – Deputy Director Department of International CooperationSAI Vietnam )

In 2017, the State Audit Office of Vietnam conducted an audit on State management of mineral exploration and mining during the period 2014-2016 at the Ministry of Natural Resources and Environment (MONRE), Ministry of Industry and Trade (MOIT) and 08 provinces/cities. One of the most important tasks of the audit was “auditing the licensing of mineral exploration and mining”Read More… 

Mining In Uganda: The case for a National Mining Company (By Henry Luwemba Kasule – Senior Auditor SAI UGANDA )

In Uganda Minerals are owned by the state in trust for the people of Uganda as stated in the Mining Act 2003. However, there is no requirement for state participation nor to have a company or corporation that can hold the commercial interests of the state in the mining industry.

Bearing in mind the mineral sector contributed as much as 30% of Uganda’s GDP in the early 1950s in comparison to the current situation where it only contributes less than 1%, there is need to come up with catalysts that can stimulate the development of this once captivating Industry. Read More… 

SAI Uganda: Meeting the Challenge of Extractive Industry Auditing (By INTOSAI-Donor Cooperation Secretariat )

Did you know that the Office of the Auditor General of Uganda is enhancing the benefits of extractive industries to citizens?
 
Here is how:

  • Strong SAI leadership, cooperation and harmonized donor support
  • Auditing to ensure the use of oil industry revenue for the benefit of Ugandans
  • Empowering local communities working in the mining sector
  • Taking auditing to the next level with its risk analysis system
  • Leading the INTOSAI Working Group on Extractive Industries
  • Pushing the government to assess the right balance between benefits from the new oil industry and the preservation of valuable natural environments.

Do you want to know how OAG Uganda together with members from the INTOSAI-Donor Cooperation got there and what the plans for the future are? Click here to read the whole Uganda story!

Trainings and events

Zambia Hosts The 2nd meeting of the Intosai Working Group On Extractive Industries (WGEI) Learning Taskforce (By Ellen Muleya Chikale – Head Public Relations SAI Zambia )

The Office of the Auditor General Zambia hosted the second meeting of the INTOSAI Working Group on Audit of Extractive Industries (WGEI) learning task force in Lusaka, Zambia from 9th to 12th April, 2018. The purpose of the meeting was to review and update the draft Extractive Industries Training Curriculum.
 
The meeting was officially opened by the Permanent Secretary of the Zambian Ministry of Mines Mr. Paul Chanda. In his remarks he said that the Office of the Auditor General remains key in helping government to manage natural resources in the best interest of the public.
 
Mr. Chanda has also said that the Office of the Auditor General is keen on ensuring that there is accountability regarding the taxes the country was reaping from the mining sector.
He said that the significance of the Extractive Industries (EI) has been noticed by several international networks and foras, INTOSAI included.  Read More…

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