7 CFR 1773.45 - Regulatory liabilities.

Regulations last checked for updates: May 03, 2025

Title 7 - Agriculture last revised: Apr 24, 2025

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

§ 1773.45 - Regulatory liabilities.

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.

[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 1773.45