7 CFR 1773.40 - Regulatory assets.

Regulations last checked for updates: Feb 13, 2026

Title 7 - Agriculture last revised: Jul 29, 2026

View all text of Subpart E [§ 1773.38 - § 1773.49]

§ 1773.40 - Regulatory assets.

The auditor's audit documentation shall support that the auditor tested whether all regulatory assets 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 support that all regulatory assets have received RUS approval.

[89 FR 88635, Nov. 8, 2024]

authority: 7 U.S.C. 901

source: 83 FR 19907, May 7, 2018, unless otherwise noted.

cite as: 7 CFR 1773.40