Responses to IASB Documents for Comment

IFRS 14 Regulatory Deferral Accounts

Exposure Draft – Regulatory Deferral Accounts – April 2013

On September 4, 2013, the AcSB submitted a comment letter responding to the IASB's Exposure Draft issued in April 2013. The letter expresses the unanimous support of the AcSB for the proposed interim standard as a workable solution pending the completion of the IASB’s comprehensive Rate-regulated Activities project. Read the AcSB letter posted by the IASB.

Exposure Draft – Rate-regulated Activities – August 2009

On November 20, 2009, the AcSB submitted a comment letter responding to the IASB’s Exposure Draft. The letter broadly agrees with the proposals. However, the letter recommends two exceptions to the proposed requirement to discount the estimated cash flows associated with regulatory assets and regulatory liabilities — one for regulatory items relating to deferred income taxes and the other for items relating to employee future benefit costs. Also, the letter recommends expanding the application guidance to clarify the scope of the proposed standard. The AcSB letter posted by the IASB is available here