{"id":28124,"date":"2026-11-08T15:14:36","date_gmt":"2026-11-08T15:14:36","guid":{"rendered":"https:\/\/generationimpact.global\/?p=28124"},"modified":"2026-11-08T15:14:36","modified_gmt":"2026-11-08T15:14:36","slug":"cvm-public-consultation-cpc-34-mineral-resource-accounting","status":"publish","type":"post","link":"https:\/\/generationimpact.global\/news\/cvm-public-consultation-cpc-34-mineral-resource-accounting\/","title":{"rendered":"Brazil CVM Opens Consultation on Mineral Resource Accounting Rules"},"content":{"rendered":"\n

Brazil's Securities Commission (CVM) launched a public consultation on 6 November 2026 regarding Technical Pronouncement CPC 34, which addresses accounting policies for expenditure on exploring and evaluating mineral resources.<\/p>\n

Alignment with International Financial Reporting Standards<\/strong><\/h2>\n

Technical Pronouncement CPC 34 is aligned with International Financial Reporting Standard IFRS 6, issued by the International Accounting Standards Board (IASB). The primary objective of the pronouncement is to specify requirements for entities to establish accounting policies covering exploration and evaluation costs.<\/p>\n

The standard applies to corporate expenditure incurred during activities involving non-renewable mineral resources, including metallic minerals, oil, natural gas, and similar reserves.<\/p>\n

Submission Requirements and Deadlines<\/strong><\/h2>\n

Market participants, accountants, and interested parties can submit comments and feedback regarding Public Consultation SNC 03\/26 until 7 December 2026.<\/p>\n

Submissions can be directed to three official bodies: the Accounting Pronouncements Committee (CPC) via email, the CVM Superintendence of Accounting Standards by email or physical mail in Rio de Janeiro, and the Federal Accounting Council (CFC) by email or physical mail in Bras\u00edlia.<\/p>\n

\n\n
Public Consultation Channels for CPC 34 Submission<\/caption>
Recipient Organisation<\/th>Submission Email<\/th>Physical Address Details<\/th><\/tr><\/thead>
Comit\u00ea de Pronunciamentos Cont\u00e1beis (CPC)<\/th>cpc@cpc.org.br<\/td>N\/A<\/td><\/tr>\n
Superintend\u00eancia de Normas Cont\u00e1beis (CVM)<\/th>conspublicasnc0326@cvm.gov.br<\/td>Rua Sete de Setembro, 111, 27th floor, Centro, Rio de Janeiro – RJ<\/td><\/tr>\n
Conselho Federal de Contabilidade (CFC)<\/th>ap.nbc@cfc.org.br<\/td>SAS, Quadra 5, Bloco J, CFC Building, 10th floor, Bras\u00edlia – DF<\/td><\/tr>\n<\/tbody><\/table><\/div><\/div>\n

Frequently Asked Questions<\/strong><\/h2>
\n

What is the purpose of Technical Pronouncement CPC 34?<\/h3><\/summary>

CPC 34 sets accounting policy requirements for expenditures incurred in the exploration and evaluation of non-renewable mineral resources such as minerals, oil, and natural gas, bringing Brazilian accounting rules into alignment with international standard IFRS 6.<\/p><\/details>\n

What is the deadline to submit comments on the CVM consultation?<\/h3><\/summary>

Comments and suggestions regarding Public Consultation SNC 03\/26 may be submitted until 7 December 2026.<\/p><\/details>\n<\/div><\/div>