Conflict minerals audit guidance available


With the May 31 deadline approaching for companies to file their first conflict minerals reports with the SEC, new guidance is available to practitioners as they perform the required independent private-sector audits of these reports.

Examples of practitioners’ reports are illustrated in new questions and answers developed by the AICPA Conflict Minerals Task Force. The nonauthoritative guidance in the questions and answers is available on the AICPA website and addresses:

  • Whether the practitioner may report either directly on the subject matter or on management’s assertion for each of the two audit objectives.
  • The form of a practitioner’s report, with three illustrations that serve as examples.
  • How a practitioner would communicate findings that are required to be communicated by Generally Accepted Government Auditing Standards.


The AICPA Conflict Minerals Resources webpage includes background, previously issued Q&As, and other useful information about conflict minerals.

CHECKLIST

Boost your LinkedIn profile

LinkedIn is No. 1 when it comes to business-related social media. Be prepared when an unexpected career opportunity arises by following these tips for keeping your LinkedIn page current.

PRACTICE MANAGEMENT

Millennial women: How to woo a new generation of employees

Ambitious, educated, and tech-savvy, Millennial women make ideal employees. Win them over with flexibility and clear paths to advancement.

PROFESSIONAL ISSUES

Belicia Cespedes: A CPA at 17

Through hard work and determination, Belicia Cespedes earned the credential before she was even eligible to vote.