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We comment on the IASB's proposal on regulatory assets and regulatory liabilities

  • Deloitte document (mid gray) Image

30 Jul 2021

We have responded to the IASB’s proposal on 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 recognise 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.

Please click to access the full comment letter.

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