Compagnie Fiduciaire Expert & Conseil en Afrique

Industries

Mining & extractives

Meeting the requirements of the group, the State and local communities.

A mining company reports at several levels: to its parent under IFRS or US GAAP, to the Burkinabè administration under Revised SYSCOHADA, and to local authorities for local development. We work with operating and exploration companies, their contractors and their local suppliers.

RAFFINOR-BF gold refinery

Who we work with

  • Operating mining companies
  • Exploration companies
  • Mining contractors and service providers
  • Local suppliers of goods and services

Your challenges

Dual reporting

Statutory accounts under Revised SYSCOHADA and group packages under IFRS or US GAAP, with differences reconciled.

Mining taxation

Royalties, local development contributions, VAT and the specific regimes arising from the Mining Code.

Assets, inventory and rehabilitation

Fixed assets spread over several sites, exploration costs, ore and spare-parts inventory, site restoration provisions.

Local content

Local procurement obligations and monitoring of national suppliers.

How we help

  • Statutory audit and audit of group reporting packages under group instructions.
  • Restatements between Revised SYSCOHADA, IFRS and US GAAP.
  • SOX controls testing for subsidiaries of groups listed in the United States.
  • Automated inventory and reconciliation of fixed assets across several sites.
  • Tax review and assistance during tax audits.
  • Audit of costs and of subcontracting agreements.
  • Support for local suppliers: accounting, tax, organisation.

Relevant frameworks

Let’s talk about your priorities.

An audit, an inventory, a recruitment or a digitalisation project: we start by understanding what you need.

+226 25 40 81 99

Quartier Bilbalogho, Secteur 01, Ouagadougou, Burkina Faso

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