Monday, September 21, 2009

Canada - Exposure Draft on Rate-Regulated Activities

Canada’s Accounting Standards Board (AcSB) has issued an exposure draft to adopt a standard on Rate-regulated Activities. It corresponds to the IASB exposure draft on this topic which was issued in July 2009. The standard will apply to Canadian publicly-accountable enterprises at changeover to IFRS. Comments are requested by November 20, 2009. (Read the AcSB exposure draft on “Rate-regulated Activities” and the related IASB exposure draft and comment letters. )