Extractive Industries - International Accounting Standards Board
Date recorded:
At its meeting on July 25-27, 2023, the IASB discussed stakeholder feedback on suggested ways to improve disclosures about an entity’s exploration and evaluation expenditure and activities. These suggestions included making information available that might help users of financial statements: (i) understand how entities account for exploration and evaluation expenditure; (ii) compare entities with different accounting policies for exploration and evaluation expenditure; and (iii) understand the risks and uncertainties of entities’ exploration and evaluation activities.
Review the IASB Update on the IFRS Web site.