(Feb. 5, 2014) – The Securities and Exchange Commission’s (SEC) new conflict
minerals rule requires thousands of companies to perform due diligence to determine
whether their products contain tin, tantalum, tungsten, or gold, determine the country of origin
for those minerals and report their findings to customers and the SEC. To
assist with this complex process, Crowe Horwath LLP, one of
the largest public accounting and consulting firms in the U.S., has introduced the
Crowe Conflict Minerals Tracker. The solution is designed to provide an efficient but thorough
method for administering the required supplier query, data collection and
mineral rule was mandated by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection
Act. The intent is to cut off funding to armed rebels responsible for human
rights abuses in the Democratic Republic of the Congo (DRC) and adjoining
countries where these minerals are mined and sold. To help with this effort, SEC
registered companies now must conduct reasonable country of origin (RCOI)
inquiries and other analyses and report on those findings.
“Crowe developed the Crowe Conflict
Minerals Tracker to assist companies with RCOI surveys and supplier due
diligence,” said Mari Reidy, partner in Financial Advisory Services with Crowe.
“Using the Crowe Conflict Minerals Tracker solution as part of a comprehensive
approach toward conflict minerals compliance simplifies data collection,
analysis and reporting to be more efficient and strengthen results.”
Key benefits of the Crowe Conflict
Minerals Tracker solution include:
the challenges presented by conflict minerals due diligence and disclosure
requirements, we knew that by using the forensic investigation knowledge of the
Crowe team, as well as the manufacturing expertise available at the firm, we could
provide a comprehensive, efficient solution,” added Reidy.
more information on the Crowe Conflict Minerals Tracker, please visit: www.crowehorwath.com/conflict-minerals-nr.
Horwath LLP (www.crowehorwath.com) is one of the largest public accounting and
consulting firms in the United States. Under its core purpose of "Building
Value with Values®," Crowe uses its deep industry expertise to provide
audit services to public and private entities while also helping clients reach
their goals with tax, advisory, risk and performance services. Crowe and its
subsidiaries have offices coast to coast with more than 3,000 personnel. The
firm is recognized by many organizations as one of the country's best places to
work. Crowe serves clients worldwide as an independent member of Crowe Horwath
International, one of the largest global accounting networks in the world,
consisting of more than 150 independent accounting and advisory services firms
in more than 100 countries around the world.
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