Illustration of IFRS 20 Regulatory Assets and Regulatory Liabilities for rate-regulated utilities — differences in timing, effective 2029, compared with U.S. GAAP ASC 980
|

IFRS 20: Regulatory Assets & Liabilities for Utilities

BySW Accounting admin

What is IFRS 20, and who does it affect? The International Accounting Standards Board (IASB) issued IFRS 20, Regulatory Assets and Regulatory Liabilities — a new IFRS Accounting Standard for companies subject to a specific type of rate regulation (utilities that supply electricity, water, and gas, where a regulator controls how much they can charge…