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Saturday 29 April 2017

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IASB Meeting Summaries and Observer Notes

 IASB October 2013


The IASB continued its discussion about the features of rate regulation that should form the focus of the Discussion Paper (DP) that the IASB intends to publish for this project. The IASB considered an analysis of the rights and obligations arising from a number of common features of rate regulation. At the September meeting, the IASB tentatively identified these common features as being important to distinguish rate-regulated activities from other commercial activities.

The IASB tentatively decided that the next step in the staff's analysis should focus on the rights and obligations arising from a particular rate-setting mechanism that requires a 'true-up' adjustment to be made to the rate: 

    •     for differences between estimated and actual amounts of cost and/or revenue for previous periods; and/or
    •     to award a bonus or impose a penalty for meeting or failing to meet a performance target.

All IASB members present agreed.

Next steps

Discussions on the Rate-regulated Activities research project will continue at the November IASB meeting.


Date: 10/28/2013