IAS Plus Update newsletter on rate regulation ED
11 Aug 2009
On 22 July 2009, the IASB published an Exposure Draft on accounting for rate-regulated activities.
Comments are due 20 November 2009. The objective of the proposals is to establish whether and how assets and liabilities resulting from rate-regulated activities should be recognised and measured under IFRSs. If adopted, the proposed IFRS would:
- define regulatory assets and regulatory liabilities.
- set out criteria for their recognition.
- specify how they should be measured.
- require disclosures about their financial effects.