Regulatory Deferral Accounts – Hong Kong
On 30 January 2014, the International Accounting Standards Board (IASB) published IFRS 14 Regulatory Deferral Accounts. IFRS 14 is an interim standard, pending the outcome of the IASB’s more comprehensive Rate-regulated Activities project, which was re-opened in September 2012. In many countries, industry sectors (including utilities such as gas, electricity and water) are subject to […]