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EFRAG extended early-stage effects analysis for users of financial statements of rate-regulated entities

General information

The IASB published the Exposure Draft Regulatory Assets and Regulatory Liabilities (the ED) in January 2021. The ED proposes a new accounting model to give users of financial statements better information about a company's incremental rights (i.e., regulatory assets) and obligations (i.e., regulatory liabilities) arising from the rate regulation under which an entity operates and specifically the relevant enforceable regulatory agreement between an entity and the rate regulator. The ED`s objective is that entities in the scope of the proposed Standard 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. A high-level summary of the ED proposals can be found here.

From October 2020 to January 2021, EFRAG conducted an early-stage effects analysis to assess the impact of the proposals for both users and preparers. [related user report accessible here]. This survey is an extension of the early-stage effects analysis with a focus on a selection of topics. The survey, targeted at financial statement users, includes 15 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 15-20 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. Type of user
3. What sector/s with rate regulated entities do you cover?
4. On which asset classes do you focus?
5. In which regions do you cover companies?
6. Please specify whether the companies you cover apply IFRS
7. Can your contact information be shared with the IASB for their outreach activities? *This question is required.
8. May we contact you if we have questions about your response? *This question is required.