LEITI Reconciliation for the year 2012-2013

Transcript:LEITI Reconciliation for the year 2012-2013:
LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop Monrovia, 5 June 2016 Content The reconciliation process The reconciliation scope Reporting templates and instructions Lessons learnt from the previous reconciliation reports Reconciliation issues LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop 2 The reconciliation process Phase I Preliminary analysis & scoping Phase II Capacity building Phase III Data collection Phase IV Reconciliation and analyses of discrepancies Phase V Reporting Inception report Progress report EITI Report LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop 3 Activities Understand the size of the extractive industry in Liberia and payment streams between extractive companies and Government Agencies Determine which extractive companies and Government Agencies are to be included in the reconciliation exercise Determine the list of taxes, fees and charges to be included in the reconciliation exercise Update the reporting template Conduct a training workshop for all stakeholders LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop The reconciliation process 4 Activities Dispatch the reporting package to extractive companies and Government Agencies Reconcile all data submitted by extractive companies and Government Agencies Identify and analyse discrepancies between reported amounts Justify and explain if possible the discrepancies and operate the necessary adjustments Produce the LEITI report LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop The reconciliation process 5 The reconciliation scope LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop Extractive companies 75 extractive companies are included in the reconciliation process and will be required to submit a reporting template The detailed list of extractive companies will be included in the instructions to reporting entities. The remaining extractive companies are selected by the MSG to be part of the EITI scope through unilateral disclosure of government agencies. 6 The reconciliation scope LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop Government agencies 9 Government Agencies will requested to send reporting templates for the receipts they collected from the extractive companies: 7 Reporting Templates Content New format, with introduction of new templates Only one “Reporting Template” for Taxpayers and Government Agencies Supporting schedules – compulsory Audited templates – compulsory Instructions for completing Reporting Templates LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop 8 Reporting Templates Summary of ReportingTemplates LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop 9 Reporting Templates Data Sheet 10 LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop Reporting Templates Payment/Receipt Report 11 LEITI Reconciliation for the year 2012-2013 Stakeholder Workshop Reporting Templates Payment/Receipt Report 12 LEITI Reconciliation