Natural Resources

The objective of the Natural Resources project is to research and address issues relating to the potential recognition and measurement of tangible natural resources.

Current Status of the Project

In April and June of 2025, the IPSASB reviewed responses to ED 92, Tangible Natural Resources, and decided to clarify the scope of the final IPSAS Standard to focus on tangible natural resources held for conservation. As a result of this decision, the IPSASB directed staff to reconsider the definitions in ED 92 to add clarity on the concept of conservation. The IPSASB also made a number of decisions in July of 2025 regarding depreciation of tangible natural resources, disclosures, transition, cross-references to other IPSAS Standards, and the development of additional non-authoritative guidance. The discussion of the revised definition and the review of the draft final IPSAS Standard are scheduled for September 2025.

Due Process Checklist

Project Contact

• Edwin Ng

Drafting Group

• Renée Pichard, IPSASB Member (Drafting Group Chair)
• Ian Carruthers, IPSASB Chair
• Andrew van der Burgh, IPSASB Member
• Patricia Varela, IPSASB Member