EITI Primer (2).pdf Jun. 2014 | Page 9

the eiti standard: how does eiti work? 4. The multi-stakeholder group is required to maintain a current workplan, fully costed and aligned with the reporting and Validation deadlines established by the EITI Board. When the country has completed these steps and wishes to be recognized as an EITI Candidate, the government should submit an EITI Candidate Application to the EITI Board. b. For Implementation 1. The EITI requires effective oversight by the multi-stakeholder group. 2. The EITI requires timely publication of EITI Reports. 3. The EITI requires EITI Reports that include contextual information about the extractive industries. 4. The EITI requires the production of comprehensive EITI Reports that include full government disclosure of extractive industry revenues, and disclosure of all material payments to government by oil, gas and mining companies. 5. The EITI requires a credible assurance process applying international standards. 6. The EITI requires EITI Reports that are comprehensible, actively promoted, publicly accessible, and contribute to public debate. 7. The EITI requires that the multi-stakeholder group take steps to act on lessons learned and review the outcomes and impact of EITI implementation. EITI Primer.indd 9 8/14/13 4:31 PM