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Recognition of Exploration & Evaluation Assets – Timely Reminder

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AASB Board Member and principal of Australian Financial Reporting Solutions, Carmen Ridley offers this advice to auditors and reporters for entities in mining and exploration concerns. ASIC have issued a media release regarding the write off of a $3.8m exploration and evaluation asset in an ASX listed entity’s financial report (14-215MR). In this instance, the company’s exploration licence for the ... Read More

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