Natural Resources

Objective

The objective of the natural resources project is to develop a Consultation Paper, then one or more Exposure Drafts to address the issues relating to the recognition, measurement, presentation and disclosure of natural resources.

Current Status of the Project

The IPSASB continued its review of the draft Consultation Paper (CP) and provided feedback on the measurement of subsoil resources, the approach used to draft the chapter on living resources, and the description of living resources. In addition, the IPSASB decided the CP will:

  • Include guidance on the costs of exploration, evaluation, development, and production activities;  
  • Provide potential options on how this guidance could be incorporated into IPSAS literature; and  
  • Solicit constituents’ views on these options. 

Project Contact

Task Force



Project Stages

Information Gathering Project Proposal Consultation Paper / Exposure Draft
Board Papers
 
 

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