Wednesday, August 05, 2009

IASB publishes proposals on rate-regulated activities

The International Accounting Standards Board (IASB) has published for public comment proposals on accounting for rate-regulated activities. The objective of the proposals is to establish how assets and liabilities resulting from rate-regulated activities should be recognized and measured under International Financial Reporting Standards (IFRS). (Read the IASB Press Release or go to the project page.)