§1773.45. Regulatory liabilities.
7 C.F.R. § 1773.45
The auditor's audit documentation shall support that all regulatory liabilities comply with the requirements of FASB Accounting Standards Codification (ASC) 980 or GASB Statement (GASBS) 62, as appropriate. For electric auditees only, the auditor's audit documentation shall document whether all regulatory liabilities have received RUS approval.
Notes, amendments, and revision history
Amendments
[89 FR 88635, Nov. 8, 2024]
Authority
Authority: 7 U.S.C. 901 et seq., 7 U.S.C. 1921 et seq., 7 U.S.C. 6941 et seq.
Source
Source: 83 FR 19907, May 7, 2018, unless otherwise noted.
Amendments
[89 FR 88635, Nov. 8, 2024]