The audit of extractive industries is a priority area for AFROSAI-E. We are therefore focused on building the capacity of auditors in the region to enable them to gain an understanding of the sector and guide them on how to conduct risk assessments of the sector in order to focus their audits where the risk … Continue reading “Building Extractive Industry Audit Capacity in AFROSAI-E”

Recently the Energy Sector team of the OAGU, in collaboration with the INTOSAI Working Group on Audit of Extractive Industries (WGEI), organized a visit to some of the areas of the Albertine Graben Region where Petroleum activities are taking place as well as to the Karuma site, in Northern Uganda, where a major Hydro-electric project … Continue reading “Top management of the Office of the Auditor General of Uganda visits the Albertine Graben and Karuma Hydro Electric Power Project”

The Global Accountability Conference on Oil and Gas was held in Dar-es Salaam 11-12 April. The conference was arranged by the Wajibu Institute of Public Accountability, which was co-founded by former Tanzania Controller and Auditor General, and former AFROSAI-E Chair, Mr. Ludovick Utouh. Wajibu shall focus on accountability on a number of policy areas, and … Continue reading “Global Accountability Conference on Oil and Gas in Dar-es Salaam”

With the ongoing oil crisis, the Ecuadorian State has develop new ways to get financing from exploration and exploitation of crude blocks in the Amazon; resulting in a new type of contract which has raised criticism for its legality. However, with the General State Budget depending mainly of that resource, it is important to describe … Continue reading “A new contractual model is used in the Ecuadorian oil & gas industry for the development of crude fields through private investment”

With last December’s Paris Agreement, the world community agreed on reducing the emission of greenhouse gases severely with the aim to limit global warming. What exactly is agreed on? And even more important from the WGEI perspective: how does it affect the extractive industries? (By Marcoen Roelofs & Jeroen Doornbos, Netherlands Court of Audit) After … Continue reading “What does the Paris Agreement mean for the future of the Extractive Industries”

Uganda is endowed with a variety of natural resources that include copper, cobalt, gold, tin, and most recently petroleum. This article will concentrate on audit of petroleum activities conducted by the international oil companies (IOCs). Ever since the first commercial discovery in 2006, exploration work in Uganda has increased to the point of having over … Continue reading “The Ugandan experience in the audit of petroleum activities.”

The EITI International Secretariat welcomes the opportunity to present the Extractive Industries Transparency Initiative (EITI) in the newsletter of INTOSAI’s Working Group on Audit of Extractive Industries (WGEI). This article provides a brief introduction to the EITI, the reporting process in the 49 implementing countries, and the common interests and opportunities for collaboration with Supreme … Continue reading “The case for collaboration between Supreme Audit Institutions and the Extractive Industries Transparency Initiative (EITI)”

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”