Guyana has submitted its Extractive Industries Transparency Initiative (EITI) Report for the year ending December 31, 2022 before the deadline of December 31st,2024.
The report, prepared by BDO Professional Services Inc., serves as the sixth in a series of reports on Guyana’s extractive industries, covering key data on revenues from oil, mining, and other natural resources.
The 2022 EITI report was produced under the guidance of BDO Professional Services Inc., which was appointed as the Independent Administrator. According to the Scope of Work of the 2022 report, the engagement followed the International Standard on Related Services (ISRS) 4400, which mandates agreed-upon procedures for reporting on financial information. The procedures, as outlined in the Contract for Consultant Services with the Ministry of Natural Resources, focused on the reconciliation of payments made by extractive companies to the Government of Guyana, as well as payments received by the government. However, the report clarified that the procedures were not intended to provide an audit or a review in accordance with International Standards on Auditing.
