Deloitte comment letter on the IASB's proposal on regulatory assets and regulatory liabilities
Published on:
Jul 30, 2021
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We have commented on IASB exposure draft Regulatory Assets and Regulatory Liabilities.
We support the project to develop requirements for regulatory assets and liabilities and generally agree with the proposals. However, we have concerns about the proposed accounting for timing differences between the recognition of the regulatory base and the application of IFRS Standards. In addition, we suggest that removing the proposed requirement to recognize regulatory assets and liabilities when there are timing differences between the regulatory base and the IFRS Standards compliant base would fundamentally improve the remaining proposals related to the financial reporting by regulated entities.
This comment letter was released by our Global firm.
