DFCM Audit :: Home Dodd-Frank Conflict Minerals Audit Home Filers Triggers for an independent audit The Auditor’s Approach IPSA Audit Objectives IPSA Audit Readiness Independence Selecting Auditors During the Audit The Audit Report – and Afterwards Costs, Schedule, and Other Things Suppliers to Filers Auditors Resources and Downloads Videos Enterprise Risk Management & the IPSA IPSA Procurement Tips IPSA Contracting Considerations IPSA Cost Containment Tips IPSA: What it is – and What it Isn’t IPSA: Attestation or Performance Standards? IPSA Readiness Assessment Lousy IPSA: How NOT to Get One IPSA: Good Idea (Whether Required or Not) Doug’s Conflict Minerals Bio Conflict minerals & IPSA background Contact Us For information on Dodd-Frank Conflict Minerals TRAINING click HERE www.DFCMAudit.com is a resource for companies considering the independent private sector audit (IPSA) of the due diligence process required by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank” or "Dodd-Frank Conflict Minerals" (DFCM)). Our professionals have auditing experience and certifications, including professionals with holding Certifications in Risk Management Assurance (CRMA) and Certified Professional Environmental Auditors. We conduct independent private sector audits. We also help clients with DFCM programs, IPSA readiness, where clients have engaged other independent private sector auditors (such as when their financial auditors will be conducting these audits). Our auditors have fielded many questions regarding the independent Private Sector Audit at various conferences, client meetings, and webinars. We’ve collected many of them here with information in a simple, question-and-answer format. The information is organized by questions we’ve heard from: Filers Suppliers to Filers Auditors The obligatory caveats: We are not attorneys, financial auditors, or regulators. The answers and opinions here are our own. They may differ from other opinions – and, because DFCM is still a new issue, some of them will. This information is not provided as legal advice. Readers should conduct their own research, discuss matters with their own resources, and make their own decisions. About Section 1502: Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) dealt with conflict minerals from the Democratic Republic of Congo (DRC) and neighboring countries (“Covered Countries”). The Securities and Exchange Commission (SEC) proposed a rule on December 15, 2010, and accepted comments in two comment periods. SEC promulgated the final rule on August 22, 2012. The rule takes effect for calendar year 2013 for companies that file statements with the SEC (“filers”). The DFCM final rule requires an Indpendent Private Sector Audit if filers determine that their products contain conflict minerals (tin, tantalum, tungsten or gold, or “3T&G”) from a covered country. There have been dozens of conferences, webinars, white papers, and articles written about Dodd-Frank Conflict Minerals (DFCM). Readers are encouraged to view these and become familiar with the rule, terminology, available due diligence frameworks, trade association activities, and other aspects of DFCM. Sign In to Edit this Site Copyright 2017 Douglas Hileman Consulting LLC .