In January 2021, the International Accounting Standards Board (IASB) published the Exposure Draft Regulatory Assets and Regulatory Liabilities. The Exposure Draft sets out the IASB’s proposals for a model to account for regulatory assets and regulatory liabilities. If issued as a new IFRS 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 will begin redeliberating the proposals in the Exposure Draft at a future meeting.
The IASB met on 14 December 2021 to discuss plans for redeliberating the proposals in its Exposure Draft Regulatory Assets and Regulatory Liabilities.
The IASB agreed on a plan.