Resource rich countries often fail to secure a fair share of their natural resource wealth. Sometimes this is the result of weak national legislation and poorly negotiated contracts. Frequently it is the result of company strategies to minimize tax payments. A list of national-level benefits from the extractive industries includes economic growth, employment, infrastructure, corporate … Continue reading “Many Ways to Lose a Billion: SAIs and the Protection of Government EI Revenue”

SAIs provide a unique check on the way governments manage a country’s natural resources. Yet it is only when the results of audit have been made public, citizens are able to hold the custodians of public resources accountable. For that, SAIs cannot rely of government process alone, but must lever the engagement of media and … Continue reading “The Role of SAIs in the Extractive Industries and the Importance of Building Partnerships”

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 … Continue reading “Extractive Industries (EI) Workshop 11th – 15th September 2017 to be held in Kampala, Uganda”

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 … Continue reading “Capacity Building Workshops and Exhibitions Conducted by AFROSAI-E and WGEI-CoP”

The 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 … Continue reading “New Guidance on Auditing the Mining Sector by the Canadian Audit and Accountability Foundation”

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 … Continue reading “Norwegian Audit Office conducts training in fiscal regimes”

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 … Continue reading “Petropedia”

It is a common phenomenon that people gets excited when they are exposed to good news of opportunities. Their excitement is not for nothing but built on expectations of gains that are likely to accrue from the opportunities discovered and anticipation of positive changes in life. From social perspectives, when the good news concerns the … Continue reading “Can Developing Countries Notice Unnoticed Opportunities in Extractive Industry?”

Over 80 delegates from 20 member countries gathered in Mombasa-Kenya to attend the three day annual meeting event of WGEI whose main objective was to chart a way forward in auditing oil, gas and minerals. The Auditor General of Kenya Mr Edward Ouko who hosted the conference welcomed participants to Mombasa and appreciated the Chairperson … Continue reading “Three-day Annual WGEI meeting held in Mombasa (24th-26th August 2016)”

Building strong Institutions is vital to Natural Resource Management. Citizens are excited about the benefits that come along with oil discoveries at the same time elites are worried about the so called resource curse as it has been witnessed in some resource rich countries. This article, therefore demonstrates the role of the Supreme Audit institutions … Continue reading “The role of Supreme Audit Institutions (SAIs) in the Oil and Gas Sector (Integrating the EI value chain with the Oil and Gas activity chain)”