The mining sector faces a number of unique challenges in interpreting and applying International Financial Reporting Standards (IFRS) because of the specific characteristics of the industry and the absence of detailed industry guidance. Many companies around the world have now completed their transition projects, and have produced their first annual reports under IFRS. It is therefore a good time to reflect on some of the challenges that entities face in applying IFRS to the mining industry.
Real time highlights some of the key areas of difficulty that impact specifically on the mining sector under IFRS. It provides insight into how companies have dealt with these issues, through examples of the accounting policies included in their published IFRS financial statements.
Publications Search Page
Download Real time - International financial reporting standards in the mining sector (470kb)