WGEI Newsletter Issue No. 8 – July 2017

The content of this newsletter

Introduction

  • About this issue
  • Foreword from the WGEI Chair

Need to know

  • New Guidance on Auditing the Mining Sector by the Canadian Audit and Accountability Foundation
  • Who is Petropedia?

Trainings and Events

  • Extractive Industries (EI) Workshop 11th – 15th September 2017 to be held in Kampala, Uganda
  • Norwegian Audit Office conducts training in fiscal regimes
  • Capacity Building Workshops and Exhibitions Conducted by AFROSAI-E and WGEI-CoP

 

Introduction

About this issue: 

Welcome to the eighth edition of the WGEI newsletter! In this edition of the newsletter you can read articles about New Guidance on Auditing the Mining Sector by the Canadian Audit and Accountability Foundation, Who is Petropedia?, Norwegian Audit Office conducts training in fiscal regimes, Capacity Building Workshops and Exhibitions Conducted by AFROSAI-E and WGEI-CoP. Have a nice read!

Foreword from the WGEI Chair: 

Dear Colleagues, writers and our esteemed readers of this newsletter, I would like to thank you for your contributions towards this newsletter content which has been a valuable tool for sharing knowledge and experiences on various extractive industries topics and ideas.

I am delighted to inform you that the WGEI steering committee plans to meet from 25th – 28th September, 2017 at the U.S. Government Accountability Office (GAO) in Washington, D.C. This meeting will be conducted as a planning meeting of the steering committee members in conjunction with representatives of the INTOSAI Regional bodies. The meeting will review the work plan and identify specific tasks to be implemented under different activities. As you may have noticed I have already sent out a request to out WGEI members to identify the activities where each SAI is interested in providing input.

My humble reminder to you all is that you can get engaged in our activities any time by visiting the WGEI website at www. wgei.org, by sharing your published audit reports, useful links and contributing articles to the WGEI newsletters. As a working group, we depend on your input and engagement to keep the community of practice alive.

Sincerely yours,
John F.S. Muwanga
Auditor General
Republic of Uganda
WGEI Chair

Need to know

New Guidance on Auditing the Mining Sector by the Canadian Audit and Accountability Foundation (By Glenn C. Fischer, Senior Analyst, Natural Resources and Environment, U.S. Government Accountability Office)

CAAFThe Canadian Audit and Accountability Foundation (formerly known as CCAF) is a not-for-profit organization dedicated to promoting and strengthening public sector performance audit, oversight and accountability in Canada and abroad. In 2013, we initiated a program to develop new performance audit methodology tools in the form of a series of Practice Guides. In October 2016, we released our Practice Guide to Auditing Oil and Gas Revenues and Financial Assurances for site remediation. This July, we are proud to publish a companion guide about the mining sector: Practice Guide to Auditing Mining Revenues and Financial Assurances for site remediation. Read More…

Who is Petropedia? (By Noah Hammer, Petropedia )
Petropedia Logo

Who is Petropedia?

Petropedia aims to be the largest collection of insights and inspiration for Petroleum Industry professionals, decision-makers and anyone else who is proud to be called an “expert”. From defining complex Upstream, Midstream and Downstream industry jargon in our dictionary, to exploring the latest trends in our articles, or providing in-depth coverage of various topics in our tutorials. Our goal is to help our readers better understand the “Oil Biz”, the technologies involved and, we hope, make better decisions as a result. Read More…

Trainings and events

Extractive Industries (EI) Workshop 11th – 15th September 2017 to be held in Kampala, Uganda (By WGEI )

Introduction

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. Read More…

Norwegian Audit Office conducts training in fiscal regimes (By Eli Wærum Rognerud, Norwegian Audit Office )

At the end of May, a group of colleagues at the Office of the Auditor General of Norway gathered for a 2-day workshop in fiscal regimes. The course drew on experience from Norway as well as Sierra Leone, Uganda, Zambia and Myanmar, and covered different models for calculating revenue from the extractives sector. Through interactive sessions and exercises, participants learnt to calculate government take, effective royalty rate, contractor entitlement and the rate-of-return-factor.  Read More…

Capacity Building Workshops and Exhibitions Conducted by AFROSAI-E and WGEI-CoP (By Edward Ssali, WGEI CoP )

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).  Read More…

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