Rate-regulated Activities – International Accounting Standards Board

Date recorded:

At its meeting on September 20-22, 2022, the IASB met to redeliberate the interaction between the proposals in its Exposure Draft and IFRIC 12, Service Concession Arrangements. The IASB tentatively decided that the Standard: (i) clarify the intended interaction between the Standard and IFRIC 12. That is, an entity would apply IFRIC 12 first and then apply the requirements of the Standard to any remaining rights and obligations to determine if the entity has regulatory assets or regulatory liabilities; and (ii) include examples to illustrate that interaction. The IASB will continue to redeliberate the project proposals.

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

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