Miami, FL -- (SBWIRE) -- 10/09/2014 -- Razient’s ASSESSOR solution(http://www.razient.com)provides risk assessments steps for conducting audits of Conflict Minerals compliance for companies facing regulatory requirements on a global basis.
“Our unique global incident tracking and compliance solution gives companies a framework and template of steps to conducts risk assessments of their global footprint for Conflict Minerals audits among other regulatory assessments”said Mr. Gary Bahadur, Razient CEO.
The law mandates the use of an "independent private sector auditor" to conduct the audits. A reasonable audit would be the first step to determine if the company can on its own, using reasonable efforts and trustworthy information, make a reliable determination as to the source/origin of its tin, tantalum, tungsten and/or gold.
The statute specifies that the audits be "conducted in accordance with standards established by the Comptroller General of the United States, in accordance with rules promulgated by the Commission."
Razient provide a third party solution that an Auditor can use to assess the supply chain. Third party audits for conflict minerals supply chain traceability began in summer 2010 under the Electronic Industry Citizenship Coalition (EICC), a US-based electronics manufacturing trade association.The Organization for Economic Cooperation and Development (OECD) published its Guidance on conflict minerals supply chain traceability.
Razient ASSESSOR includes:
- Dashboard views of all assessments, results and status.
- A series of surveys and risk indicators to evaluate and assess compliance.
- Key reports at management’s fingertips in order to act and mitigate risks.
- Centralization will avoid duplication of effort, and reduce costs of assessments.
- Unify the assessment solution across multiple industries and provides historical context.
- Scoring and weighting of risk assessment questions and results.
Razient empowers companies to quickly connect the dots with an end-to-end, 360 degree view of physical and compliance risk. Razient provides timely, daily visibility of all relevant incident types and threats specific to your locations, suppliers, and sub-suppliers locations. Razient tracks compliance against best practices, your company standards, applicable laws and regulations, including global regulatory requirements of every vendor and partner in your network.
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