Rate-regulated Activities – International Accounting Standards Board

Date recorded:

At its meeting on May 22-24, 2023, the IASB received an update on the status of the project, including the expected timing for completing redeliberations and issuing the prospective Standard and redeliberated the proposals in its Exposure Draft relating to the timing of initial recognition of regulatory assets and regulatory liabilities. The IASB tentatively decided that the prospective Standard would retain the proposal to require recognition of all regulatory assets and all regulatory liabilities existing at the end of the reporting period and the proposal to treat any regulatory assets or regulatory liabilities arising from regulated rates denominated in a foreign currency as monetary items when applying IAS 21 The Effects of Changes in Foreign Exchange Rates.

Review the Executive Summary on the AcSB's Web site.

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