AcSB Exposure Draft – Regulatory Assets and Regulatory Liabilities
Mar 15, 2021
On March 15, 2021, the Accounting Standards Board (AcSB) issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments are requested by June 30, 2021.
The AcSB would like input from Canadian respondents on the following additional question regarding the proposed standard:
The IASB has developed the proposed standard in accordance with its due process for application around the world. Assuming the Exposure Draft proposals are finalized and approved by the IASB in accordance with its due process, do you think that the proposals are appropriate for application in Canada? If not, please specify which aspects of the proposals, and what circumstances, make the accounting requirements proposed in the Exposure Draft inappropriate.
Review the exposure draft on the AcSB's website.
