Since Elm began working in the conflict minerals area in 2010, there has been confusion about what the term “conflict minerals audit” refers to. There are various audits through the supply chain that differ from each other and, in some cases, are unrelated. We emphasized this point at SEC’s Conflict Minerals Roundtable during the proposed rule period. And we continue to point this out in our public presentations.
Michele Bruelhart of RCS Global recently wrote an article that does an excellent job of explaining the different types of audits. We recommend that anyone working in the conflict minerals realm take a few minutes to read it.