Conflict Minerals Compliance Basics: Supply Chain Tracability Auditing

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Conflict Minerals Compliance Basics: Supply Chain Tracability Auditing

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Wednesday, February 26, 2014 - 11:00am

CAMPAIGN: Conflict Minerals

CONTENT: Article

In this installment of “Conflcit Minerals Compliance Basics,” we will be going over supply chain tracability auditing. 

The law mandates the use of an "independent private sector auditor" to conduct the audits.  An audit must analyze the issuer’s due diligence framework from their Conflict Minerals Report to see that it conforms to the selected nationally or internationally recognized due diligence framework, such as The Organisation for Economic Co-operation and Development (OECD). The rule is unclear as to if the performance audit can be conducted through an internal audit function, but it appears to disallow such an audit. 

The rule requires that an issuer’s due diligence follow a nationally or internationally recognized due diligence framework, but there is only one such framework currently available, the OECD’s “Due Diligence Guidance for Responsibly Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.”

If your company has any questions regarding supply chain traceability auditing, send them to Source Intelligence’s help center.

Source Intelligence will be hosting the first of its kind benchmarking study, that will present ACTUAL data, aggregated by industry, to provide insights on:

-Conflict mineral programs in 2013
-Progress to completion of data collection over time
-Incidences of 3TG in the supply chain
-Supplier profiles (by industry and region)
-Challenges incurred in completing the process
-Hurdles of data verification

This report will be preceded by a February 27th webinar. In order to receive an early copy of the benchmarking report, register HERE for the webinar now.

 

 

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CAMPAIGN: Conflict Minerals

CONTENT: Article

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