Rate-regulated Activities – AcSOC

Date recorded:

At the AcSOC meeting on October 26-27, 2017, the AcSB Chair reported that the IASB has completed a case study to assess whether regulatory balances can be classed as assets or liabilities, is exploring the measurement process and is developing an accounting model for this topic. The AcSB considered AcSOC’s earlier recommendation to issue separately its updated research paper on the decision-usefulness of financial information that reflects the economics of rate-regulated activities. The Board affirmed its decision to issue the paper in conjunction with the IASB’s next document for comment.

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

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