Tutorial 7 Extractive Industries Homework Questions (Solution)

Refer to the history and rationale for the introduction by the IASB of an international accounting standard for the mining and extractive industry discussed in Cortese, C. et al. (2010)*, explore what possible impacts have interested lobby groups or interests had on the standard.

(*Cortese, C. et al. 2010, Powerful players: How constituents captured the setting of IFRS 6, an accounting standard for the extractive industries, Accounting Forum, 34, pp. 76-88)