The following post is co-authored with Matthew C. Dixon and Christopher R. Schneider from KPMG LLP.
As you sit at your desk waiting for any guidance regarding what your Conflict Minerals Report should look like, you may allow yourself to think about June 3, 2014, the day after companies are required to file their Form SD with the U.S. Securities and Exchange Commission (“SEC”). As you are wondering what life will be like when all the fruits of your labor have finally come to bear, the reality hits you. Unless all of the world’s smelters are certified as conflict-free, you will have to perform some form of this process all over again. While this is a scary proposition, below are some practical steps that may ease your pain as you move forward.
While most of the above are just common sense, that fact should comfort you as you look toward future years. Remember, the goal is to have a well-structured story about how your company is moving toward a greater understanding of its supply base in line with this social initiative.
About the Guest Co-Authors:
Matt Dixon is a Director in KPMG LLP’s Forensic Advisory Services practice. He has over eight years of experience in investigations, litigation support, and other advisory engagements and has taken leadership roles on many projects. He has provided support in accounting dispute matters and has significant experience performing forensic data analyses. Mr. Dixon has significant experience in the automotive industry and has assisted in projects to identify automotive industry fraud risk factors, potential mitigating controls, and possible testing procedures.
Chris Schneider is a Director in the Chicago office of KPMG LLP’s U.S. Forensic Advisory Services. With more than ten years of forensic accounting and litigation experience, Mr. Schneider has provided clients with dispute advisory services related to complex business disputes, multi-million dollar insurance claims, lost profits litigation, criminal litigation, post-acquisition arbitration and financial statement restatements. In addition, he has provided fraud investigation and forensic accounting services related to whistleblower and audit committee investigations.