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Crowe Horwath LLP introduces Crowe Conflict Minerals Tracker

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SOURCE Crowe Horwath LLP

Solution helps companies comply with new SEC rule

CHICAGO, Feb. 5, 2014 /PRNewswire/ -- 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 reporting processes.

(Logo: http://photos.prnewswire.com/prnh/20090902/CL69632LOGO )

The conflict 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:

  • Automated approach to centralized data collection that is designed to reduce duplicative requests and large spreadsheets;
  • "Parts wizard" function to identify products or components requiring an RCOI;
  • Web-based questionnaire distribution to simplify supplier tracking and communication;
  • Risk analysis dashboards to help track and review progress;
  • Export features to help transfer data to Form SD and a conflict minerals report; and
  • A built-in training video tutorial to walk users through the processes.

"With 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.  

For more information on the Crowe Conflict Minerals Tracker, please visit: www.crowehorwath.com/conflict-minerals-nr.

About Crowe Horwath
Crowe 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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