Extractive Activities — AcSB Staff's Research Update

July 17, 2019 News

Canadian entities with extractive activities are important to the Canadian and global markets.

Most of these entities apply IFRS® Standards as their financial reporting framework. The Accounting Standards Board (AcSB) is supporting these critical sectors by contributing staff research findings and stakeholder views on extractive activities to the International Accounting Standards Board (IASB). 


In 2018, the IASB started gathering evidence to help it decide whether to start a project to develop proposals to replace IFRS 6 Exploration for and Evaluation of Mineral Resources.

Before deciding the scope and direction of a research project, the IASB – as part of its first stage in the project – asked the national standard-setters who contributed to the Discussion Paper, Extractive Activities to make the IASB aware of any developments since the paper’s 2010 publication.

AcSB staff prepared a Research Update to identify accounting challenges faced and any developments since 2010 in the extractive sector, as well as how those changes affect the research findings in the Discussion Paper. The Research Update also sets out views gathered from some initial outreach, and will assist the IASB in identifying potential topics as it starts its research on extractive activities.


The In Brief provides an overview of the AcSB Staff Research Update on Extractive Activities submitted to the IASB. The In Brief was revised to include additional context from the Research Update.

 In Brief extractive issues cover image

Revised In Brief: A plain and simple overview of the AcSB Staff’s Research Update on Extractive Activities.

Stay informed

Stay up-to-date on this project via the Extractive Activities project page.


Jayshal Daya, CPA, CA 
Principal, Accounting Standards Board 
Phone no.: +1 (416) 204-3501 

Rebecca Villmann, CPA, CA, CPA (Illinois) 
Director, Reporting Initiatives & Research Financial Reporting & Assurance Standards Canada
Phone: +1 (416) 204-3464