IASB issues Exposure Draft on regulatory assets and regulatory liabilities

The IASB proposes to issue a new standard to account for the effects of rate regulation.

The IASB issued an Exposure Draft that sets out proposals for the recognition, measurement, presentation and disclosure of regulatory assets, regulatory liabilities, regulatory income and regulatory expense. When adopted, these proposals would replace IFRS 14 Regulatory Deferral Accounts.

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