Rate-regulated Activities – International Accounting Standards Board

Date recorded:

At its meeting on October 18-20, 2022, the IASB met to redeliberate the proposals in its Exposure Draft relating to: (i) the proposed definition of allowable expense and the treatment of allowable expenses based on benchmarks; and (ii) accounting for regulatory assets and regulatory liabilities arising from differences between the regulatory recovery period and the assets’ useful lives, The IASB made a number of tentative conclusions in this regard. The IASB also discussed advice from the Consultative Group for Rate Regulation on how the IASB might respond to feedback on these proposals. The IASB will continue to redeliberate the project proposals at a future meeting.

Review the IASB Update and podcast on the Board's Web site.

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