AICPA Issues New Guidance on Conflict Minerals IPSAs

The American Institute of Certified Public Accountants (AICPA), the standards-setting and governing organization for CPAs in the United States, has published a second set of Q&As offering additional guidance on the Independent Private Sector Audits (IPSAs) of conflict minerals reports.

The AICPA guidance most directly applies to CPAs who would conduct IPSAs under the Attestation Engagement standards of the GAO Government Auditing Standards. ¬†However, the Q&A provides useful insight to those companies developing a CMR, even for companies under the 2-year audit deferral applicable to the “DRC Conflict Undeterminable” status.

The Auditing Roundtable’s guidance for the use of the Performance Audit standard is currently under internal review, with their first set of Q&As to be published in the coming weeks.


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