IFR Bulletins focus on the latest developments in international financial reporting.
IFR Bulletin 4 | 2021
In this issue:
IASB Publishes Exposure Draft - Regulatory Assets & Regulatory Liabilities
IASB has released the Exposure Draft of a new standardRegulatory Assets & Regulatory Liabilities.This standard would be intended to replace IFRS 14.
ACCOUNTING IMPACT
The proposed standard is intendedto provide better information to users by requiring entities subject to rate regulationto record regulatory assets and regulatory liabilitiesif certain criteria are met.