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Practice Guide to Auditing Mining Revenues and Financial Assurances for Site Remediation

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Canadian Audit and Accountability Foundation
 
 
Practice Guide to Auditing Mining Revenues and Financial Assurances for Site Remediation
 

We are pleased to announce the release of our newest performance audit methodology publication: Practice Guide to Auditing Mining Revenues and Financial Assurances for Site Remediation.

This Practice Guide will help public sector legislative and other performance auditors in Canada and abroad to plan, carry out and report on audits of the mining sector. It will be especially useful to performance auditors who wish to audit:

  • mining revenues, including royalties, fees, bonuses and penalties; and
  • the financial assurance systems put in place by governments to manage the liabilities that may arise from the remediation of mining sites.

This new Practice Guide is the result of recent research and consultations with experienced performance auditors from Canada and abroad. The Auditor General of Alberta, Mr. Merwan Saher, has noted: “I will be recommending to my colleagues that we make full use of this Guide. It’s very useful.” The new Guide was recently presented to members of the INTOSAI Working Group on the Audit of Extractive Industries (WGEI) in Washington D.C. in September 2017, where it was well received.

The new Practice Guide is a companion document to our recent Practice Guide to Auditing Oil and Gas Revenues and Financial Assurances for Site Remediation.

 

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