Over several decades and in step with the globalisation of the economy, world-wide intra-group trade has grown exponentially. Transfer pricing rules, which are used for tax purposes, are concerned with determining the conditions, including the price, for transactions within a Multinational Enterprise (MNE) group resulting in the allocation of profits to group companies in different … Continue reading “The OECD/G20 Base Erosion and Profit Shifting Project Has Delivered Stronger Transfer Pricing Rules”

(By Trygve Christiansen and Eli Wærum Rognerud, OAG Norway) (See full paper on the shale gas revolution, including policy, geopolitical and environmental effects here: link) Shale gas has been described as a “revolution”, our “bridge to a low carbon future” and indeed “the biggest thing that happened to America”, yet others have branded it an “environmental … Continue reading “The Shale Gas Boom – How Does It Affect Current And Aspiring Gas Producers?”

On 15 October 2015 the State audit office of Vietnam (SAV) launched a performance audit that aims to evaluate the environmental management and rehabilitation on mining industry in Thai Nguyen Province. The audit was performed as results of a survey that gathered initial information and data of environmental rehabilitation on mining industry in Thai Nguyen … Continue reading “SAI Vietnam: Evaluating the environmental management and rehabilitation on mining industry in Thai Nguyen Province, Vietnam”

The German Government through GIZ (Gesellschaft für internationale Zusammenarbeit) is working on improving public financial management and good government in Africa. GIZ recognises the importance and value of developing SAI capacity and effective work with Parliaments, particularly in resource-rich African countries. In seeking to develop and share good practice, GIZ collaborated with seven African SAIs … Continue reading “GIZ Workshop: Enhancing SAI Capacity in Auditing the Extractive Industry Sector; Kampala 10-12 September 2015”

Cooperative audits have been carried out in INTOSAI with different objectives and methodologies. In most cases, they are tools to study and analyze policies of regional and international interest. More recently, the cooperative audits have also been used as part of a strategy for capacity development. Under the Organisation of Latin America and Caribbean Supreme … Continue reading “Coordinated EI audit in OLACEFs”

With the assistance of the GIZ Academy for International Co-operation, SAI representatives from Ghana, Kenya, Malawi, Mozambique, Tanzania, Uganda and Zambia gathered in Germany I June to exchange experience and build competence in audit of the extractive industries. Colleagues from SAI Brazil, SAI Estonia and the EITI secretariat in Oslo also contributed to the event, … Continue reading “Seven African SAIs gather for regional EI training”

Supreme Audit Institutions (SAIs) can play a role in ensuring that countries reap maximum benefits from the EI sector and keep negative effects to a minimum. The type of audit to be carried out will depend on the competency level at SAI, their audit mandate, access to relevant data, the maturity of government institutions and … Continue reading “The EI Value Chain: Possible Audit Topics”