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AICPA Offers Advice for Conflict Minerals Audits

Joe Mont | February 13, 2015

The American Institute of Certified Public Accountants has released some new advice on the independent private-sector audits that will be required for some companies as part of their “conflict minerals” disclosures to the Securities and Exchange Commission.

The audits, which accompany Conflict Minerals Reports (CMRs) are required of companies that describe their products as “DRC Conflict Free.” Two new “Q&As” released by AICPA discuss representation letters a practitioner obtains from management as they perform an independent audit of a CMR. These letters are intended to affirm that representations and assertions are accurate.

The first question: “In an engagement to perform an IPSA, what matters might appear in a representation letter from management?"

Among the representations that may be...

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