7 CFR § 1773.45 - Regulatory liabilities.

---
identifier: "/us/cfr/t7/s1773.45"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1773.45 - Regulatory liabilities."
title_number: 7
title_name: "Agriculture"
section_number: "1773.45"
section_name: "Regulatory liabilities."
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"
---


# 1773.45 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]