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Past Projects - Prime Minister's Office

  • Year: 2005
  • Country: Nigeria
  • Client: Prime Minister's Office
  • Client type: Government
  • Commodity: Oil & Gas
  • Work type: Financial and Process Audit

Description

CMA supported a winning consortium led by UK-based Hart Group to conduct the financial audit, process audit and physical audit pursuant to the Nigeria Extractive Industries Transparency Initiative (NEITI). The program approved by the National Stakeholders' Working Group is the most comprehensive energy sector transparency audit ever conducted.

The financial audit will provide an independent audit, in accordance with international auditing standards, of all payments made to the Federal Government of Nigeria (FGN), and all revenues earned from the oil sector and gas sector for the past five years.

The process audit will be undertaken for the purpose of examining the most critical management systems, processes and practices in the sector.

The physical audit will examine how the FGN monitors the production of oil from the well head to flow stations to fiscalisation, and test the integrity of the measuring and monitoring systems.

Consortium members CMA and TRACS International are providing technical expertise to process improvement and measurement and operational skills for the physical audit, including bunkering.

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