Dear respondent,
This questionnaire asks preparers of financial statements who apply UK-adopted International Accounting Standards for their views on the recently issued Standard IFRS 20 Regulatory Assets and Regulatory Liabilities (the Standard).
IFRS 20 was published by the International Accounting Standards Board (IASB) in May 2026. IFRS 20 establishes requirements for the recognition, measurement, presentation and disclosure of regulatory assets, regulatory liabilities, regulatory income and regulatory expense. Its objective is to provide information that better reflects the economic effects of rate regulation.
More information on IFRS 20 can be found throughout this questionnaire, which includes written summaries and webcast materials explaining some of the Standard's requirements.
Objective
The questionnaire seeks preparers’ views regarding:
- Whether specific requirements in the Standard would result in information that meets the technical accounting criteria of relevance, reliability, comparability and understandability.
- Any likely costs and benefits derived from the application of the requirements in IFRS 20.
The information collected from this questionnaire is intended to help the UK Endorsement Board (UKEB*) assess the impact of IFRS 20 on UK preparers of financial statements. IFRS 20 will apply to annual reporting periods beginning on or after 1 January 2029 (subject to adoption in the UK).
Your responses will make a valuable contribution to the UKEB’s understanding of preparers’ views on the implementation of IFRS 20 and will be used as input to the UKEB's decision on whether to adopt the Standard for use in the UK.
Who should respond to this survey?
Entities that prepare financial statements using IFRS Accounting Standards and are listed and/or incorporated in the UK. Some familiarity with IFRS 20 may help but is not required as the questionnaire contains explanatory text and provides links to educational materials.
How long will it take?
How long the questionnaire will take to complete will depend on familiarity with the Standard. Respondents with prior knowledge may skip the educational materials and complete the questionnaire in approximately 30-45 minutes. However, if educational materials are needed to contextualise, the questionnaire will take more time to complete.
The deadline for completion of the questionnaire is 11 December 2026.
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*The UK Endorsement Board (UKEB) is the UK standard setter for IFRS Accounting Standards. As part of its role, the UKEB endorses and adopts new or amended international accounting standards for use in the UK.
Data Usage
The information collected from this survey is intended to help the UKEB assess the impact of IFRS 20 on preparers of financial statements if it were adopted for use in the UK. By agreeing to participate, you accept that we will process your personal data in line with our Privacy Statements, in particular our Stakeholder Engagement Privacy Notice. Responses will be used by the UKEB as evidence for its report on the assessment of the endorsement criteria for the adoption of IFRS 20. Responses will be considered individually, kept confidential and anonymised for the purposes of the UKEB's endorsement project. Your contact details will not be used for any other purposes. If you have any questions or change your mind, please contact privacy@endorsement-board.uk