![]() ![]() The description of the due diligence measures performed in the CMR should be objective subjective language such as best practice or industry standard would not provide suitable criteria for an attestation engagement. "Objective means the criteria should be free from bias.With regard to the second objective, for the description in the CMR of the due diligence measures performed to be suitable, the "description must be objective, measurable, complete and relevant." As a result, in preparing the CMR in anticipation of an eventual audit, companies should keep these factors in mind. For the first objective, the OECD framework is considered to provide suitable and available criteria. The standard for attest engagements under AT 101 requires that criteria must be suitable and available.Whether the company's products were DRC conflict free undeterminable, DRC conflict free or not found to be DRC conflict free.The source or chain of custody of conflict minerals and the suppliers thereof or.The issuer's products subject to due diligence.Which conflict minerals were "outside the supply chain" at Janu.The conflict minerals necessary to the functionality or production of the product manufactured or contracted to manufactured.Accordingly, the auditor's examination does not address the company's conclusions about any of the following: The audit objectives do not include any determination with respect to the accuracy of the conclusions in the CMR.Here is the AICPA independence flowchart and a matrix permissible and impermissible services. (For more on the performance by auditors of management functions and the impairment of auditor independence, see my email of 1/27/14.) ![]() Performing conflict mineral-related services that involve designing or implementing systems or preparing and leading systems training would generally be viewed to impair independence because those services relate to the specific subject matter of the audit engagement (with regard to performing the IPSA) as well as being considered management responsibilities. Where threats are significant, appropriate safeguards must be applied management's skills, knowledge and experience relevant to conflict minerals must be evaluated the auditor must establish the necessary understanding with management and applicable documentation requirements must be satisfied. The AICPA confirms that conflict minerals-related services such as assessing the company's design of draft policies and procedures, Identifying relevant gaps and making recommendations, providing comments on design, configuration or implementation approaches performed by management or a third party would generally not impair independence so long as the auditor conducts an evaluation under the GAGAS (generally accepted government auditing standards) conceptual framework of any threats to independence.
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