Mining & Metals

Mining and metals assurance services

Independent audit - Our risk–based audit approach provides enhanced assurance as we consider all aspects of business and accounting issues in the mining and metals sector and their impact on our clients’ financial statements.

Our teams are built on a foundation of sector knowledge and deep technical experience, so we can provide business insights to management, not simply an audit opinion.

Global Financial Accounting Advisory Services (FAAS) – FAAS brings our deep experience in technical accounting matters and provides mining and metals clients with timely, customised insights regarding:

• Significant accounting changes and GAAP conversions (including IFRS)
• Accounting support for due diligence
• Assistance on IPOs
• Accounting guidance for finance function transformation
• Support for implementing new standards and improving financial communication

We have an extensive global pool of professionals with strong IFRS knowledge who understand the specific implications of IFRS for mining and metals companies, and have deep knowledge of leading practices in the sector.

Climate change and sustainability services – Developing a social license to operate is critical: our Climate change and sustainability services practice addresses emerging business issues and provides an extensive range of services in areas such as:

• Sustainability reporting and assurance
• Sustainability strategy
• Reputation issues
• Environmental risk management
• Greenhouse gas emissions advisory
• Renewable energy
• Emissions trading

We support our clients in the mining and metals sector across geographies to develop their responses to the climate change challenge, and their strategy for the future.

Fraud Investigation and Dispute services (FIDS) – To meet rising metals demand, companies are operating in emerging territories that provide increased exposure to fraud and corruption. Our FIDS team can support our clients to:

• Develop an anti-fraud and corruption framework
• Deliver fraud awareness training
• Undertake site visits
• Develop a 24/7 fraud and corruption response protocol

Accounting Compliance and Reporting (ACR) – ACR services are focused on outsourced services to help large, multinational companies meet their accounting and statutory reporting requirements globally. Mining and metals companies are often engaged in finance transformation initiatives, marked by expansion into emerging markets, the deployment of Shared Services Centers (SSCs) and the continuous drive for efficiency and lower costs.

By outsourcing their statutory reporting along with their tax compliance and reporting to Ernst & Young, our clients receive integrated, worldwide coverage across the entire ‘record-to-report’ process.