PwC comments on IASB's request for information, Rate Regulation

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PwC comment letter (IASB) 06/13/2013 by Global accounting consulting services
PwC comments on  IASB's request for information, Rate Regulation

At a glance

The PwC global network of firms supports the board’s efforts to gather information on the topic of rate regulation and provides suggestions for the board to consider for the discussion paper phase of the project.

The PwC global network of firms supports the board’s efforts to gather information on the topic of rate regulation, which should enhance the analysis in the discussion paper phase of the project.  PwC suggests that the board focus on the rights and obligations and the accounting consequences that might arise from price regulation, rather than how the overall framework might be categorized. Additionally, PwC suggests the board explore the potential overlap between the accounting for service concession arrangements and the potential accounting for rights and obligations arising from price regulation.