Released 09 September 2021
The European Financial Reporting Advisory Group (EFRAG) has published its final comment letter on the IASB Exposure Draft ED/2021/1 Regulatory Assets and Regulatory Liabilities.
EFRAG has welcomed the IASB’s efforts to address a gap in current IFRS reporting for entities subject to rate regulation.
EFRAG has also made a number of recommendations to address concerns with some of the proposals from the IASB. These include concerns around total allowed compensation, recognition and measurement and presentation and disclosure.
The final comment letter can be found at https://www.efrag.org/News/Project-529/EFRAG-Final-Comment-Letter-on-Regulatory-Assets-and-Regulatory-Liabilities.