Outreach event on Extractive Activities

Norsk RegnskapsStiftelse (Norwegian Accounting Standards Board) invites to an Outreach event on Extractive Activities on Wednesday 31 October 2018 13.00-16.00, Equinor Business Centre in Stavanger.

The outreach is open for all interested parties. Registration: https://doodle.com/poll/9g7xu4g5tfy58cfs

The Norwegian Accounting Standards Board (NASB) would like to invite you to participate in an outreach event on the IASB Extractive Activities project. The purpose of the event is to gather useful input on significant accounting issues currently experienced in the oil and gas industry, and developments since the 2010 IASB Discussion Paper on Extractive Activities. Your observations and views may provide important input to the research project. This is your chance to influence the project going forward.

The outreach event is open to all interested parties. Producers and users of financial statements in the oil and gas industry are especially encouraged to participate. Feel free to forward this invitation to others.

Background

In April 2010, the IASB issued a Discussion Paper Extractive Activities (https://www.ifrs.org/-/media/project/extractive-activities/dp-extractive-activities-april-2010.pdf) containing the research findings of a team of national standard-setters from Australia, Canada, Norway and South Africa (NSS).

In February 2018, the IASB decided to start work on the extractive activities research project (https://www.ifrs.org/projects/work-plan/extractive-activities/). The Board’s first step in the extractive activities research project is to request those NSS that undertook the research for the April 2010 Discussion Paper to inform the Board of any significant developments since 2010 that those NSS think the Board should be aware of as it starts its research. The outreach is held to help the Norwegian standard setter to provide input to the IASB. Please also see the questions in the appendix to the staff paper dated September 2018: https://www.ifrs.org/-/media/feature/meetings/2018/september/iasb/ap19-ea.pdf.

The outreach event will take place at Equinor Business Centre, Forusbeen 50 in Stavanger on Wednesday 31 October 2018, from 13.00 to 16.00 hrs.

The event will be held in English.

To register for the event, please go to https://doodle.com/poll/9g7xu4g5tfy58cfs

 If you have any questions, please contact us.

We thank you in advance and look forward to your participation in this important event.