Elm Selected to Lead Development of New Auditor Guidance for Conflict Minerals Performance Audits

Elm has been selected by The Auditing Roundtable to lead their newly formed Working Group to develop a professional auitdor guidance intended for use by non-CPAs in applying the “generally accepted government auditing standards” (also known as “GAGAS” or the Yellow Book) to audits of Conflict Minerals Reports under SEC’s conflict minerals regulations.

Lawrence Heim, CPEA, Director of Elm’s Conflict Minerals services:  “The Board of Directors agreed to take on the challenge of developing this guidance, and doing so as rapidly as possible to serve the regulated community.  I am honored that the Board asked me to play a role in that process.”

Heim continued: “Given the importance, visibility and global impact of of this guidance, the Board recognizes how critical broad-based input and consensus will be.  The Working Group’s first order of business is to present to the Board for their approval two lists: one of recommended professional peer reviewers and one of organizations/entities from whom input will be sought as stakeholders.”

The Working Group will hold its first meeting in conjunction with the Roundtable’s national meeting in San Diego January 28-30, 2013.

Elm has been a vocal proponent of strong auditing and auditor qualification/independence standards in the conflict minerals context since our initial project work in 2010.  The Securities and Exchange Commission solicited our opinion and experiences on the matter during their Conflict Minerals Roundtable in 2011.  The Auditing Roundtable and the Board of Environmental, Health & Safety Auditor Certifications submitted written comments on the use of Performance Audit standards to the SEC during the proposed rule stage, and provided a briefing paper on auditor qualifications/audit standards to the US State Department Office of Central African Affairs in 2011.

The Auditing Roundtable

The Roundtable was founded in January 1982, when managers of ten corporate environmental audit programs met to discuss their auditing programs and practices.  The Roundtable has held regular meetings since that time and has undergone many important changes.  A Code of Ethics and the first formal bylaws, adopted in 1987, opened the Roundtable membership to individuals and provided for the election of a Board of Directors by the membership at large.  Following peer review and vote by the membership, the Roundtable adopted Standards for the Performance of Environmental Audits in 1993.  In 1998, the Roundtable reorganized into its current organizational structure.  Today it is the leading organization for environmental, health and safety auditing professionals in the United States and has formalized relationships/reciprocity with other scientific and auditing professional organizations around the world.

For more information on The Auditing Roundtable, click here.

Board of Environmental, Health & Safety Auditor Certifications

In 1997, The Auditing Roundtable joined with The Institute of Internal Auditors (IIA) to establish the Board of Environmental, Health & Safety Auditor Certifications (BEAC) for the purpose of issuing professional certifications relating to environmental, health, and safety auditing and other scientific fields.  BEAC is a member of the Council of Engineering and Scientific Specialty Boards (CESB), a third-party accreditation board. The CESB has granted full accreditation to BEAC’s Certified Professional Environmental Auditor (CPEA) certification.  BEAC certification is also recognized by

  • American Industrial Hygiene Association
  • American Society of Safety Engineers
  • American Chemistry Council
  • Texas Commission on Environmental Quality
  • Canadian Environmental Auditor Association

For more information about BEAC, click here.

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