Regulatory Accounting System (RAS) 2013 Orders
Under the Telecommunications Law and By-Law, the Communication Regulatory Authority (CRA) is obliged to specific objectives and is authorized to ensure the prices and charges of dominant service providers (DSP) are efficiently cost-based and appropriately applied to products and services offered at both wholesale and retail level.
A Regulatory Accounting System (RAS) describes a set of systems, processes, policies and procedures that enable a DSP to establish a record keeping regime necessary to meet its regulatory obligations, and which keeps track of revenues, costs, assets and capital employed. One of the key objectives of the RAS is to calculate, trace and analyze costs in order to demonstrate compliance with a cost orientation and non-discrimination obligation for regulated services. The main instruments of the RAS are: (i) the Cost Model (ii) the Separated Financial Statements; and, (iii) the Audit and Statement of Compliance.
The RAS Orders 2013+ includes the relevant clarifications and further instructions provided to Ooredoo by the CRA during the review of the RAS 2010/11/12, the CRA also revised – inter alia - the separated accounts to be submitted by Ooredoo and the timeline for implementing the RAS 2013+.
The RAS Orders 2013+ have been issued taking into account the responses submitted by the SPs to the related consultation. The responses are available at this link.