July 7, 2010
On 30th June 2010, PWYP Norway responded to the International Accounting Standards Board (IASB) project group's publication of a "Discussion Paper":http://www.iasb.org/News/Press+Releases/extractive+activities+DP.htm on a new International Financial Reporting Standard (IFRS) for the Extractive Industries.
* IASB's project group's "Discussion Paper":http://www.iasb.org/NR/rdonlyres/735F0CFC-2F50-43D3-B5A1-0D62EB5DDB99/0/DPExtractiveActivitiesApr10.pdf (184 pages, PWYPs proposal being discussed in ch. 6). Published 4th April and open for submissions until 30th July 2010.
* "Snapshot":http://www.iasb.org/NR/rdonlyres/FB0CAA0D-92E1-4F31-98B2-DF2C8957D15C/0/IASB_Snapshot_Aprilv7.pdf of the Extractive Industries Discussion Paper
* IASB's "work plan for a new IFRS6":http://www.iasb.org/Current+Projects/IASB+Projects/Extractive+Activities/Summary.htm .
* "Sumbit a letter to IASB or read submitted letters":http://www.iasb.org/Current+Projects/IASB+Projects/Extractive+Activities/DPAp10/CL/CL.htm
We appreciate that PWYP's six concrete proposals have been included and addressed in chapter 6 of the discussion paper, however, we cannot accept the way our proposals have been analysed and discussed, or the following conclusions that the IASB project group is suggesting. Please see our submission to IASB.