Performed Your Dodd-Frank Due Diligence? Time to Asses Your Data

November 14, 2013 /3BL Media/ - If you have initiated your conflict minerals compliance program, you likely began your process by filtering your products to identify those that may contain tin, tantalum, tungsten and gold (3TG) necessary to functionality or production. Based on this focused list, you initiated a Reasonable Country of Origin Inquiry (RCOI) that involved hundreds or even thousands of telephone and email inquiries, data requests, data files and other supporting documents. Now what do you do with all that data?

Source Intelligence has the answer for you in their latest white paper entitled, “Conflict Mineral Compliance: Data Assessment and Assurance”.  In it you will learn how to effectively highlight areas of risk and provide auditable evidence of your due diligence process.  These efforts and the resulting data must be well organized, and continuously reviewed and assessed for accuracy, plausibility, consistency, gaps and reasonableness.  Key issues to consider throughout the process are supplier response rates and requests for confidentiality, missing and erroneous data, and discovery of cautionary flags, which warrant further investigation.  It is only by spending time assessing these issues will you be able to gain a realistic perspective of the potential risks associated with your supply chain.

The task is challenging and the consequences of non-compliance are significant.  Ultimately, issuers should combine all of these elements to meet corporate sustainability, regulatory compliance and social responsibility targets, protect their brands and align perfectly with initiatives that positively impact people, the planet, and profits.

To access the Data Assessment and Assurance white paper or any of Source Intelligence’s other white papers, click HERE