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EFRAG extended early-stage effects analysis for preparers on rate-regulated activities

General information

In January 2021, the IASB published the Exposure Draft Regulatory Assets and Regulatory Liabilities (the ED). The ED`s objective is that entities in the scope of the ED should provide relevant information to financial statement users that faithfully represents how regulatory income and regulatory expense affect the entity’s financial performance, and how regulatory assets and regulatory liabilities affect its financial position. An overview of the ED’s proposals can be found through this link.

From October 2020 to January 2021, EFRAG conducted an early-stage effects analysis of the IASB (then tentative)- proposals based on questionnaire responses from preparers and users [preparer report accessible here]. The present questionnaire for entities subject to rate-regulation is the continuation of the early-stage analysis and is intended to help EFRAG and its constituents understand the potential impact of certain topics of the ED in practice.

The survey, targeted at preparers, includes 37 questions on the potential impact including the expected costs and benefits of the proposed ED`s guidance. The findings will be reflected in EFRAG’s final comment letter.

The survey should take approximately 30-45 minutes to complete and can be completed with breaks being taken. 

1. Please provide the following information: 
This question requires a valid email address.
2. In which sector are you?
3. In which region/s do you operate?
4. Please specify whether your financial reporting is in accordance with IFRS Standards:
7. May we contact you if we have questions about your response? *This question is required.