 Copyright
Notice to Readers  What's New
Guide to Accounting Pronouncements and Sources, Sixth Edition
Significant Differences in GAAP in Canada, Chile, Mexico and the United States
Accounting and Reporting for Enterprises in the Development Stage
Accounting Bases Used in Canadian Government Budgeting
Accounting Changes — Background Information and Basis for Conclusions Section 1506
Accounting for Infrastructure in the Public Sector
Accounting for Tangible Capital Assets — Accrual Budgeting Issues
Accrual Budgeting by Canadian Federal, Provincial and Territorial Governments
Aligning Investment in Information Technology with Business Strategy: What CFOs Need to Consider (June 2005)
Application of Computer-assisted Audit Techniques, Second Edition
Assessing Risks & Controls of Investment Funds
Asset Retirement Obligations - Background Information and Basis for Conclusions Section 3110
Assurance Engagement Working Papers
Audit & Control Implications of XBRL
Audit Enquiry - Seeking More Reliable Evidence From Audit Enquiry
Audit Implications of EDI
Audit Implications of Electronic Document Management
Audit of a Small Entity
Audits of Non-profit Organizations
Canadian Performance Reporting
Cash Distributions — Amendments to Section 1540 — Background Information and Basis for Conclusions (September 2007)
Cash Flow and Other Per Share Information - Background Information and Basis for Conclusions Sections 1540 and 3500
Cash Flow Statements - Background Information and Basis for Conclusions - Section 1540
Comprehensive Income and Equity - Background Information and Basis for Conclusions Sections 1530 and 3251
Confirmation of Accounts Payable
Confirmation of Accounts Receivable
Continuous Auditing
Corporate Reporting to Stakeholders
Costing Government Services for Improved Performance Measurement & Accountability
Data Level Assurance
Differential Reporting - Background Information and Basis for Conclusions - Section 1300
Differential Reporting — Amendments to Section 3062 and AcG-15 — Background Information and Basis for Conclusions
Disclosures by Entities Subject to Rate Regulation - Background Information and Basis for Conclusions AcG-19
Disposal of Long-Lived Assets and Discontinued Operations - Background Information and Basis for Conclusions - Section 3475
Electronic Audit Evidence
Electronic Filing and Reporting - Emerging Technologies and Their Implications
Electronic Filing of Information
Employee Future Benefits - Additional Disclosures - Background Information and Basis for Conclusions - Section 3461
Employee Future Benefits Implementation Guide, Second Edition (Updated November 2001)
Engagements to Audit Greenhouse Gas Emissions Information — Practice Guide
Financial Instrument Disclosures and Capital Disclosures - Background Information and Basis for Conclusions Sections 1535, 3862 and 3863 (July 2007)
Financial Instruments - Recognition and Measurement - Background Information and Basis for Conclusions Section 3855
Financial Instruments — Recognition and Measurement — Background Information and Basis For Conclusions Amendments to Section 3855 (December 2009)
Financial Reporting by Canadian School Boards
Financial Reporting by Investment Funds, Second Edition
 Financial Reporting by Rate-regulated Enterprises
Foreword Study Group Executive Overview Summary of Conclusions Chapter 1 — Introduction Outline of the Report Financial Reporting Environment Rate Regulation Accounting Standards Generally Accepted Accounting Principles Why is Guidance Needed? There is no special impact of rate regulation for which to account Account for the economic impact of cost-based regulation Account for the economic impact of performance-based regulation Account for all economic impacts of rate regulation Survey of Canadian Rate-regulated Enterprises and Canadian Practice Other Steps Taken by the Study Group in the Preparation of This Report Conclusion Chapter 2 — Rate Regulation in Canada Introduction Rate Regulation — What it is and How it Operates Rate-setting Processes Rate-setting Methodologies Cost of Service / Return-on-Rate Base Price Cap Revenue Cap Hybrid — Price Cap / Cost of Service Benchmarking Conclusion Chapter 3 — Accounting for Rate Regulation Introduction Approaches to Accounting for Rate Regulation No Differential Treatment Accounting for Rate Regulation Strictly Limited to Those Differences Specifically Permitted Canada-US GAAP Harmonization Codify Current Canadian Practice GAAP Followed by Rate-regulated Enterprises should be Governed by the Economic Impact of Rate Regulation Approach to the Project Conclusion Chapter 4 — Accounting Standards and Financial Reporting Practices Introduction Accounting Standards and Financial Reporting Practices Standards and Practices in Canada Standards and Practices in the United States Standards and Practices in the United Kingdom What Further Guidance Should be Provided? Conclusion Chapter 5 — Rate Regulation and Financial Reporting Introduction Rate Regulation and Accounting Principles Regulatory Accounting Principles Generally Accepted Accounting Principles (GAAP) Can Regulatory Authorities Establish GAAP? Should the Impact of Rate Regulation be Reported? Impact of Rate Regulation should not be Reported Impact of Rate Regulation should be Reported Financial Statement Elements Elements at a point in time — assets and liabilities Elements over a period of time — revenues, expenses, gains and losses Recognition Criteria Conclusion Chapter 6 — Defining a Rate-Regulated Enterprise for Financial Reporting Purposes Introduction What is a Rate-regulated Enterprise? Rate-setting Authority Cost-based Rates Recoverability of Costs of Providing Service Should the Focus be on Enterprises or Operations? Full or Partial Cost-based Rates? Conclusion Chapter 7 — General Principles for Accounting and Financial Reporting Introduction Is the Enterprise Rate Regulated When Should Regulatory Assets and Liabilities be Recognized Recognition of Regulatory Assets and Liabilities When Should Changes in Regulatory Assets and Liabilities be Recognized? Recognition of Revenues, Expenses, Gains and Losses What Information Should be Disclosed in Notes to Financial Statements? Presentation and Disclosure Conclusion Chapter 8 — Applying General Principles to the Public Sector Introduction Authoritative Pronouncements in Canada and the United States Rate Regulation and the Public Sector Need for and Independent Regulator Required Criteria Independence is a Prerequisite Independence per se is Not the Key Factor Alternative Scenarios The regulator is an independent third party The regulator is not an independent third party but operates at arm's length from the management of the enterprise A governing body is empowered by statute or contract to establish rates Concern regarding the credibility of the regulatory process Required Disclosures Scope of Application Government Business Enterprises (GBEs) Conclusion Chapter 9 — Applying General Principles to Specific Issues Introduction Application of General Principles Recoverability of Assets Created by Rate Regulation Specific Issues Addressed in the CICA Handbook – Accounting Property, Plant and Equipment Cost and amortization Accounting Issue Accounting Requirements in Canada Allowance for funds used during construction (AFUDC) Accounting Issue Accounting Requirements in Canada and the US Application of General Principles Disallowances Accounting Issue Accounting Requirements in Canada and the US Application of General Principles Future removal and site restoration costs Accounting Issue Accounting Requirements in Canada and the US Application of General Principles Disposal of capital assets Accounting Issue Accounting Requirements in Canada and the US Application of General Principles Income Taxes Accounting Issue Accounting Requirements in Canada and the US Application of General Principles Intercompany Gains and Losses Accounting Issue Accounting Requirements in Canada and the US Application of General Principles Employee Future Benefits Accounting Issue Accounting Requirements in Canada and the US Application of General Principles Foreign Currency Translation Accounting Issue Accounting Requirements in Canada and the US Application of General Principles Financial Instruments Proposal for a comprehensive fair value model Application of General Principles Specific Issues Addresses in the United States Intangible Assets Accounting Changes Recovery of Costs without Return on Investment Early Extinguishment of Debt Contingencies Leases Revenue Collected Subject to Refund Refunds to Customers Alternative Revenue Programs Discontinuing Accounting for the Effects of Rate Regulation Reporting the Effects of Discontinuation Application to Separable Portions of a Business Conclusion Appendix A — Conceptual Frameworks of Canada and the United States Objective and Users of Financial Statements Qualities and Characteristics of Useful Information Underlying Assumptions Elements of Financial Statements Recognition and Measurement Appendix B — Survey of Financial Statement Disclosures by Industry Rate-Regulated Enterprises in Canada Survey of Disclosures in Notes to Financial Statements Appendix C — Illustrative Financial Statement Disclosures Financial Statements Epcor Utilities Inc. Hydro One Inc. Newfoundland Power Inc. Westcoast Energy Inc. Télébec ltée British Columbia Hydro and Power Authority Enbridge Inc. TransCanada Pipelines Limited Appendix D — Survey of Public Sector Practices Government of Canada British Columbia Alberta Saskatchewan Ontario New Brunswick Nova Scotia Northwest Territories and Nunavut Appendix E — Rate Regulation in the Electric Power Industry Glossary Selected Bibliography Financial Reporting by Small Business Enterprises
Financial Reporting in North America - Highlights of a Joint Study
The First Audit Engagement
Full Cost Accounting from an Environmental Perspective
General Standards of Financial Statement Presentation - Background Information and Basis for Conclusions - Section 1400
Generally Accepted Accounting Principles - Background Information and Basis for Conclusions - Section 1100
Going Concern - Amendments to Section 1400 - Background Information and Basis for Conclusions (June 2007)
Guide for Developing Quality Control Systems in Public Accounting
Hedges - Background Information and Basis for Conclusions Section 3865
The Impact of Technology on Financial and Business Reporting
Impairment of Long-Lived Assets - Background Information and Basis for Conclusions - Section 3063
Improving Disclosures About Financial Instruments (Amendments to Financial Instruments — Disclosures, Section 3862) (June 2009)
Income Taxes - Background Information and Basis for Conclusions - Section 3465
Indicators of Government Financial Condition
Intangible Assets — Background Information and Basis for Conclusions Section 3064 (September 2008)
Interactive Data — Building XBRL Into Accounting Information Systems
Interim Financial Statements - Background Information and Basis for Conclusions - CICA Handbook – Accounting Section 1751
Inventories - Background Information and Basis for Conclusions Section 3031 (June 2007)
Investment Companies - Background Information and Basis for Conclusions - AcG-18
Investment Companies - Amendments to AcG-15 and AcG-18 - Background Information and Basis for Conclusions (June 2007)
Liabilities and Equity - Background Information and Basis for Conclusions - Section 3860
Links between the Budget and the Estimates — Accrual budgeting Issues
Maintaining Quality Capital Markets Through Quality Information
Non-Monetary Transactions - Background Information and Basis for Conclusions Section 3831
Not-for-Profit Financial Reporting Guide
Not-for-Profit Organizations — Background Information and Basis for Conclusions 4400 Series (November 2008)
Professional Judgment and the Auditor
Rate-Regulated Operations — Amendments to Sections 1100 and 3465 and AcG-19 — Background Information and Basis for Conclusions (December 2007)
Reporting on Environmental Performance
The Role of Information Technology in Achieving Sustained Regulatory Compliance
Secure IT Infrastructure for E-commerce
Security for Wireless Systems (revised)
Segment Disclosures - Background Information and Basis for Conclusions - CICA Handbook Section 1701
Stakeholder Relationships, Social Capital and Business Value Creation
Understanding Disclosure Controls and Procedures: Helping CEOs and CFOs Respond to the Need for Better Disclosure
Use of Specialists in Assurance Engagements
Using Graphics in Corporate Reporting
| 
