The Action of the Accounting Standards Setting Organization in the Standards Setting Process of IFRS 6 Exploration for and Evaluation of Mineral Resources

摘要

This article considers the action of standard setting organization about the standard setting process of IFRS 6 Exploration for and Evaluation of Mineral Resources. The accounting problem of natural resources has caused the political dispute to the extent that it has serious influence on the accounting standard setting process once. It was widely understood that they should have to deal with prudently the politicization of accounting. Simultaneously, to overcome this difficult problem, they would consider as a realistic alternatives by leading to the instruction from experience of the other standard setting body. Therefore, it is regarded that this articles constitutes the project which research the possibility on sharing of experiment for accounting standard setting. Impairment which this standard aims at introduction has effect that causal relationship of expenditure and a result prevent from easily recognizing an asset the management who is likely to do all the expenditure at the face of balance sheet. So, they cannot deferral a loss at the balance sheet. The standard setting organization expected that introduction of a standard rule as IAS 36 was doubtful, and planned the new rule which means a substantial mitigation measure. However, contrary to the original expectation, the reaction of interested parties was favorable. Since, it was getting fundamental agreement about the spirit of impairment, the establishment of a rule of peculiar to the industry has ended in failure. It is temporarily concluded that the interested parties are welcoming early recognition of a positive loss. Considering this standard setting, we would aware a suffering of the standard setting body to avoid the politicization of accounting standard setting. However, it is the doubt why understanding of the interested parties cannot catch up with the contents of complicated accounting standards. We will analyze the interested partiesu27 reaction in detail from now on, and solve this subject.