SAVE THE DATE | Joint EFRAG EFFAS ABAF BVFA IASB invitation-only webinar- Improving reporting for rate-regulated entities - User perspective - 12 July 15:00 to 17:00 (CET)
In January 2021, the IASB issued an Exposure Draft Regulatory Assets and Regulatory Liabilities (ED).
The ED’s objective is to develop an accounting model for regulatory assets and regulatory liabilities to help users better understand the financial position and financial performance of rate-regulated entities. It helps to meet users’ needs for improved and more consistent reporting by these entities as highlighted in EFRAG's recent Early-stage effects analysis outreach to users and a past EFRAG/EFFAS/IFRS users’ outreach event.
On 12 July, there will be an opportunity for users including sell-side and buy-side analysts, portfolio managers, and rating agency analysts to be informed and provide feedback on the ED’s proposals.
Speakers at the webinar will include Tom Scott and Zach Gast (IASB Board Members), Chiara Del Prete (EFRAG TEG Chairwoman), Hans Buysse (Chair ABAF/BVFA, EFFAS Board member) and Serge Pattyn (EFRAG Board Vice-President, EFFAS CFR member).
Discussion at the webinar may focus on the following aspects of the ED:
- A key concept (total allowed compensation) and its components that will affect the depiction of performance (e.g., regulatory returns on construction work in progress)
- Measurement and discounting
- Presentation of statements of financial position and financial performance
- Evaluation of proposed disclosures
Download the Save the Date.