Power and Utilities Alert 2013-7: Accounting for rate-regulated activities under IFRS

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08/27/2013 by Power & utilities
Power and Utilities Alert 2013-7: Accounting for rate-regulated activities under IFRS

At a glance

The IASB’s Consultative Group met in July to discuss responses to the Request for Information (RFI) on the rate regulation project.

The IASB’s Consultative Group met in July to discuss responses to the Request for Information (RFI) on the rate regulation project.

In March 2013, the International Accounting Standards Board (IASB) issued a Request for Information (RFI) related to its project on rate regulation that was proposed in December 2012. The primary objective of the RFI is to identify the range of rate-regulatory schemes and the common features of rate regulation to help determine the scope of the project on rate regulation.

The responses to the RFI are being used to develop a discussion paper to analyze the common features of rate regulation. The IASB also formed a Consultative Group to assist in developing the Discussion Paper. The following Alert provides a summary of the responses to the RFI and highlights our observations from the first Consultative Group meeting.