Extractive Industries – International Accounting Standards Board

Date recorded:

At its meeting on September 20-24, 2021, 2021, the IASB met to discuss the scope and objectives of its Extractive Activities research project. The Board tentatively decided that the project’s scope and objectives should be to explore two aspects of IFRS 6, Exploration for and Evaluation of Mineral Resources:

  1. developing requirements or guidance to improve the disclosure objectives and requirements about an entity’s exploration and evaluation (E&E) expenditure and activities to provide more useful information to primary users of financial statements; and
  2. removing the temporary status of IFRS 6.

The Board will consider what research to do for this project.

Review the IASB Update and podcast on the Board's Web site.

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