Guidance for applying IFRS in the mining industry: External resources

Use these selected resources to better understand some of the IFRS practices in the mining industry.

We have compiled an inventory of external resources to help you understand and apply IFRS in the mining industry. These resources were created by external organizations and were not reviewed, developed or approved by CPA Canada. CPA Canada accepts no responsibility or liability that might occur directly or indirectly as a consequence of the use, application or reliance on these resources.

Refining IFRS: Mining & Metals
(Ernst & Young)
Analyzes specific IFRS application issues in the mining and metals industry. The Refining IFRS series aims to examine the complex and unique, issues faced by mining and metals companies applying IFRS.

Mining Financial Reporting Survey
(KPMG | 2014)
Publishes the results of a survey of financial reporting under IFRS by selected major mining companies.

IFRS in Practice: Distinguishing between a business combination and an asset purchase in the extractives industry
(BDO | 2014)
Addresses the accounting requirements, judgments and difficulties in distinguishing asset acquisition transactions between a business combination and an asset purchase.

Tax News Flash: Extractive Companies Should Act Now To Meet New Transparency Requirements
(KPMG | 2014)
Discusses the proposed Canadian mandatory disclosure requirements for Canadian extractive companies making payments to governments. Provides insights on how the proposed changes may affect reporting processes, systems and controls.

IFRS in Practice: Commodity Prices Raise Concerns Over Impairment
(PwC | 2013)
Reviews practical questions on how fluctuating commodity prices may affect impairment of assets.

IFRS in Practice: An overview of IFRS 6 Exploration for and Evaluation of Mineral Resources
(BDO | 2013)
Summarizes the requirements of IFRS 6 Exploration for and Evaluation of Mineral Resources, and looks at a number of practical issues which often arise in practice. Considers commonly asked questions and provides commentary on application.

IFRS in Practice: Accounting for Commodity Loans
(BDO | 2012)
Highlights a number of practical issues that need to be considered when determining the appropriate accounting approach for commodity loans.

Impact of IFRS: Mining
(KPMG | 2012)
Looks at some main accounting issues across mining companies; considers currently effective standards and notes future developments.

Financial Reporting in the Mining Industry
(PwC | 2012)
Examines how IFRS is applied in practice by mining companies, identifying unique issues for the industry. A number of illustrative examples are included to demonstrate how companies are responding to the various accounting challenges along the value chain.