The International Accounting Standards Board (IASB) is redeliberating proposals in the Exposure Draft Regulatory Assets and Regulatory Liabilities.
The Exposure Draft, published in January 2021, sets out the IASB’s proposals for a model to account for regulatory assets and regulatory liabilities. If issued as a new IFRS Accounting Standard, the proposals would replace IFRS 14 Regulatory Deferral Accounts.
The IASB discussed feedback on the Exposure Draft in October and November 2021.
The IASB met on 24 May 2023:
Timing of initial recognition (Agenda Paper 9A)
The IASB tentatively decided that the prospective Standard would retain:
All 14 IASB members agreed with these decisions.
IFRS Accounting Standard
International Accounting Standards Board April 2023