Articles & News
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Implementing IAS 36: Impairment of Assets
In the ever-evolving landscape of the mining industry, financial reporting plays a crucial role in maintaining transparency and complying with regulatory standards. For Canadian public companies, the correct implementation of IAS 36 – Impairment of Assets, the standard governing the impairment of assets, can significantly impact their financial statements and investor confidence. This article delves…
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Comprehensive Guide to IFRS 6 – Exploration for and Evaluation of Mineral Resources
IFRS 6 – Exploration for and Evaluation of Mineral Resources, specifically addresses the exploration for and evaluation of mineral resources. This standard is crucial for public companies in the mining sector, providing a framework for the proper accounting of exploration and evaluation activities. Unlike other accounting standards, IFRS 6 recognizes the unique challenges faced by…
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IFRS Compliance Checklist for Junior Mining Companies
Ensuring compliance with the International Financial Reporting Standards (IFRS) within the mining sector is a critical endeavour for any Canadian public mining company. The complexity of IFRS, combined with specific industry requirements, necessitates a thorough understanding and meticulous approach to financial reporting and compliance. This guide provides a comprehensive checklist designed to assist mining companies…
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Common Pitfalls with US Subsidiaries
Operating across borders can present unique challenges, particularly for Canadian public companies with US subsidiaries. In this post, we will address some of the specific reporting issues these companies face, focusing on the importance of keeping separate books for US entities and understanding the implications of failing to do so. Additionally, we will explore the…