7 CFR § 1773.40 - Regulatory assets.

---
identifier: "/us/cfr/t7/s1773.40"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1773.40 - Regulatory assets."
title_number: 7
title_name: "Agriculture"
section_number: "1773.40"
section_name: "Regulatory assets."
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1773"
part_name: "POLICY ON AUDITS OF RUS AWARDEES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 901  7 U.S.C. 1921  7 U.S.C. 6941"
regulatory_source: "83 FR 19907, May 7, 2018, unless otherwise noted."
cfr_part: "1773"
---


# 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]