Abstract
An issues paper produced by the International Accounting Standards Committee (IASC) observed that prior to the early 1970s, ‘future removal and restoration costs were typically ignored in the extractive industries’ (IASC 2000, paragraph 8.18).
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References
Australian Accounting Research Foundation (April 1998), Accounting Guidance Release AAG 1: Measurement of Monetary Assets and Liabilities.
Australian Accounting Research Foundation (1995), Urgent Issues Group, UIG Abstract 4: Disclosure of Accounting Policies for Restoration Obligations in the Extractive Industries.
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© 2012 R. G. Walker
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Walker, R.G. (2012). Permissive and Uninformative Reporting of Clean-Up Costs. In: Finch, N. (eds) Contemporary Issues in Mining. Palgrave Macmillan, London. https://doi.org/10.1057/9781137025807_9
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DOI: https://doi.org/10.1057/9781137025807_9
Publisher Name: Palgrave Macmillan, London
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