IASB publishes summary of completed project on extractive activities
IASB publishes summary of completed project on extractive activities
The IASB has published a summary of its project on extractive activities, which considered whether to amend or replace IFRS 6 Exploration for and Evaluation of Mineral Resources.
The project considered whether to amend or replace IFRS 6, which was issued as an interim step in the accounting for extractive activities.
The IASB concluded the project at its September 2023 meeting. Based on evidence collected between 2018 and 2023, the IASB decided not to develop new or amended recognition, measurement or disclosure requirements for exploration and evaluation expenditure or other aspects of accounting for extractive activities. The IASB did not find compelling evidence that standard-setting would be necessary.
The project summary may be accessed here.
The project considered whether to amend or replace IFRS 6, which was issued as an interim step in the accounting for extractive activities.
The IASB concluded the project at its September 2023 meeting. Based on evidence collected between 2018 and 2023, the IASB decided not to develop new or amended recognition, measurement or disclosure requirements for exploration and evaluation expenditure or other aspects of accounting for extractive activities. The IASB did not find compelling evidence that standard-setting would be necessary.
The project summary may be accessed here.