This webinar will provide an:
Overview of the key IFRS accounting considerations associated with provisioning for mine closure and reclamation, including in relation to:
– Understanding and interpretation of key accounting principles for the recognition of a provision
– Legal and constructive obligations
– Discount rates
– Recognition of project contingencies and risk event costs
– Operational versus closure/reclamation costs
High level overview of some of the key related differences between IFRS and US GAAP
Overview of common differences in approach to calculation of provisions
Overview of the key issues identified in audit of mine closure provisions