EITI Audits

Three and a half billion people live in countries rich in oil, gas and minerals. With good governance the exploitation of these resources can generate large revenues to foster economic growth and reduce poverty. However when governance is weak, such resources endowments may result in poverty, corruption, and conflict. The Extractive Industries Transparency Initiative (EITI) aims to strengthen governance by improving transparency and accountability in the extractives sector.

The EITI is a global standard that promotes revenue transparency. It has a robust yet flexible methodology for monitoring and reconciling company payments and government revenues at the country level. The process is overseen by participants from the government, companies and national civil society.

GoodCorporation was accredited by the International EITI Secretariat in 2009 to undertake Validations, whereby we evaluate the country’s implementation of EITI Principles in consultation with stakeholders. We verify achievements with reference to the EITI global standard, and identify opportunities to strengthen the EITI process going forward. Validation is the mechanism that the EITI Board uses to determine a country’s candidate or compliant status.

To achieve EITI Compliant status – or to extend Candidate status beyond 2 years – a country must complete an EITI Validation. Validation is an essential element of the EITI global standard. It provides an independent assessment of the progress achieved and identifies what measures are needed to strengthen the EITI process.

For EITI Validations, GoodCorporation has adapted and used its assessment methodology to help candidate countries evaluate their degree of compliance. Following the EITI Principles and Criteria, a Validation grid of 20 indicators is completed. GoodCorporation’s methodology offers additional details by grading each indicator. The benefit of using this GoodCorporation grading system is that it satisfies the EITI requirement of distinguishing between compliant and non-compliant processes but gives a finer gradation, allowing us to assess the margin by which individual indicators have passed or failed.

Using a Country Work Plan, Validation Grid, Indicator Assessment Tools, and EITI Company Forms, GoodCorporation meets with the multi-stakeholder group - the organisation contracted to reconcile the figures disclosed by companies - as well as the government and other key stakeholders (including companies and civil society not on the multi-stakeholder group) in order to conduct the audit.

We then complete a report, comprising:


A short narrative report on progress against the Country Work Plan
A short narrative report on progress against the indicators in the Validation Grid
The completed Validation Grid
A narrative report on company implementation
Collated Company Forms
An overall assessment of the implementation of EITI: is a country a candidate compliant or is there no meaningful progress


This report goes to the multi-stakeholder group, the government and the EITI Board.

As an example of our EITI work, GoodCorporation has recently completed the validation report for the Central African Republic. The GoodCorporation report is in the public domain and can be viewed here.