A new resource from the World Bank’s Financial Integrity Unit is now available and could be of assistance to Supreme Audit Institutions (SAI) when conducting audits using the extractive-industries value chain.[1] The value chain describes the different steps of the development process, from discovery through extraction, to lasting value creation for society.[2] An important step in the … Continue reading “New World Bank Manual and other Resources could Increase Transparency in Extractive-Sector Licensing and Assist SAIs During Reviews”

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 … Continue reading “SAI Uganda: Meeting the Challenge of Extractive Industry Auditing”

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 … Continue reading “Zambia Hosts the 2nd meeting of the Intosai Working Group on Extractive Industries (WGEI) Learning Taskforce”

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 … Continue reading “Mining In Uganda: The case for a National Mining Company”

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 … Continue reading “The Audit Office of Vietnam Audit on The Licensing of Mineral Exploration and Mining during the period 2014-2016”

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 … Continue reading “Afrosai- E Is Updating its Audit Guideline for Extractive Industries”

A 2015 report on Ease of Doing business by the World Bank ranked Uganda 150 out of 189 countries. Uganda ranks below its East African community neighbours except Burundi, and according to the Uganda Investment Authority (UIA), Foreign Direct Investment (FDI) in 2013 was valued at USD 1.19 Billion mainly from India and China. The … Continue reading “How Bankable is Uganda’s Energy and Extractives Sector?”

The board of the Extractive Industries Transparency Initiative is meeting in Oslo this week to discuss, among other issues, the mainstreaming of extractive sector reporting. As focus moves away from EITI reports to governments’ own systems, it is important to examine the initiative’s relationship with key domestic actors like supreme audit institutions. Supreme audit institutions … Continue reading “Four Ways Supreme Audit Institutions and EITI Can Bolster Each Other”

Extractive industries have a vast global footprint and present a primary sector in many countries. Approximately 3,5 billion people live in countries rich in oil, gas or minerals. In 2010, it was estimated that the formal mining sector alone employed more than 3,7 million workers, with a further 25 million people working in artisanal and … Continue reading “Linking Extractive Industries and the Sustainable Development Goals”

WGEI held a 2-days transfer pricing course in Oslo facilitated by Anders Pilskog and August Schneider from the Office of the Auditor General of Norway. The course was well attended with participants from Uganda, Sierra Leone, South Africa, Norway and the INTOSAI Development Initiative (IDI). The aim of the course was both to emphasise the … Continue reading “Transfer pricing course held in Oslo 21st-22nd November 2017”