IFRS 20: A new IFRS® accounting standard for rate regulated companiesRate regulation, common in the utility and transport sectors, can have a significant effect on a company’s long-term financial performance. However, until now, IFRS Accounting Standards – unlike some national GAAPs – have not included comprehensive guidance on the accounting impacts of rate regulation.This gap is now addressed by IFRS 20 Regulatory Assets and Regulatory Liabilities, which replaces IFRS 14 Regulatory Deferral Ac…
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