Responses to IASB Documents for Comment
New IFRS under Development – Rate-regulated Activities
Discussion Paper – Reporting the Financial Effects of Rate Regulation – September 2014
On January 15, 2015, the AcSB submitted a comment letter responding to the IASB’s Discussion Paper issued in September 2014. The letter strongly supports the continuation of the Rate-regulated Activities project and the extensive research being conducted by the IASB to understand user needs. The letter discusses the feedback received from Canadian stakeholders on the type of information users need to understand the financial effects of rate regulation in order to predict future cash flows. The letter supports the development of specific IFRS requirements to account for those effects, and the IASB’s decision to focus discussions on a generic type of rate regulation. Read the AcSB letter posted by the IASB.