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10/11/2020 - EFRAG seeks input from preparers of financial statements of rate-regulated entities by 18 December 2020

​The IASB has an active project on the accounting for regulatory assets and regulatory liabilities. The objective is to improve the information that is available to users covering rate-regulated entities. These entities may have incremental rights and obligations arising from their regulatory agreements. The IASB will be issuing an exposure draft in early 2021.

EFRAG is inviting preparers of financial statements of rate-regulated entities to participate in an early-s​tage analysis through a survey questionnaire which will take approximately 30-45 minutes to complete​ of likely impacts of the possible changes to IFRS requirements. Expressions ​of interest in participating in this outreach are requested by close of business 18 December 2020.


​The IASB is developing a new accounting model to give users of financial statements better information about a company's incremental rights and obligations arising from its rate-regulated activities.

As a key input into an early-stage analysis of possible impacts EFRAG is seeking the input of preparers of financial statements of rate-regulated entities. The analysis aims to assess possible impacts of the new accounting model for preparers.

The outreach will be conducted through a survey que​stionnaire which will take approximately 30​-45 minutes to complete and where needed through follow-up interviews. To participate in the process, please either complete the online registration which can be accessed h​​ereor contact us on RRA@efrag.org in order for us to send you the relevant information. 

A pdf version of the complete questionnaire can be found here​. Responses to the ​online version​ ​of the questionnaire are encouraged.
For a quick overview of the proposed new accounting model, a presentation ​has been prepared for you.