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Rate-regulated Activities - AcSOC

Date recorded:

At the AcSOC meeting on October 20-21, 2016, the AcSB Chair said that she attaches the highest risk related to accounting standards setting to rate-regulated activities. To demonstrate why an IASB project is needed, the AcSB staff researched the decision-usefulness of financial information that reflects the economics of rate- regulated activities. The IASB and many national standard setters have commented on the quality of the resulting research paper and the IASB is currently exploring a suitable accounting model. However, it is not certain that the IASB will develop a standard for these activities. The AcSB intends to identify how to extend its research findings, including working with standard setters in Brazil, Peoples Republic of China, Europe and the U.S.

Review the meeting summary on the AcSOC's Web site.

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