Guidance Note: EITI Requirement 4.9
Data quality and assurance
|This guidance note refers to the 2016 EITI Standard.|
The EITI Standard seeks to ensure a credible EITI reporting process that produces reliable data. While data quality issues are relevant to all aspect of EITI implementation, the EITI Standard puts a particular emphasis on whether the data on company payments and government revenues (within the scope of EITI reporting) are subject to credible, independent audit, applying international auditing standards.
To achieve this, the EITI seeks to build on existing audit and assurance systems in government and industry, and to promote adherence to international practice and standards. In countries with weak audit and assurance systems (in government and/or industry), EITI Reporting can play a key role in identifying these issues, encouraging reforms and monitoring progress.
In countries with strong audit and assurance systems, the EITI Reporting procedures should not duplicate existing internal controls or impose time- consuming reporting requirements. The detailed requirements are set out in Requirement 4.9 and in the standardised Terms of Reference for Independent Administrators.
This guidance note provides guidance on how to improve the quality and reliabililty of information. It incloudes a checklist and several country examples.