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IAS 38 — Compliance costs for 'REACH'

Background

This IFRIC project was to consider how to account for costs incurred to comply with the requirements of the European Commission Regulation concerning the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH). The Regulation came into force in part on 1 June 2007, and was binding immediately on EU Member States.

 

Current status of the project

After many months of deliberations, IFRIC decided not to take this issue onto its agenda at its May 2009 meeting.  At that meeting, it was noted that the staff paper was very well written and provided excellent background for the issue of how to account for REACH costs. It was noted that REACH may be an issue for the educational division for producing guidance.

 

Related Discussions

  • IAS 38 — Compliance costs for REACH

  • Jul 09, 2009

  • The IFRIC received a request to add an item to its agenda to provide guidance on the treatment of costs incurred to comply with the requirements of the European Regulation concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH).

  • IAS 38 — Compliance costs for REACH

  • May 07, 2009

  • IFRIC debated whether a project on compliance costs for REACH (European Commission Regulation Concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals) should be added to IFRIC's agenda.

  • IAS 38 — Compliance costs for REACH

  • Nov 06, 2008

  • The staff introduced a paper on accounting for costs incurred to comply with the requirements of the European Regulation concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH).

  • IAS 38 — Compliance costs for REACH

  • Jul 11, 2008

  • The IFRIC considered a request that it provide guidance on the treatment of costs incurred to comply with the requirements of the European Commission Regulation concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH).

All Related