FINANCIAL STATEMENTS

Official Compilation of the Rules and Regulations of the State of Tennessee

Section: 0180-17-.12

Jurisdiction: TN

Bluebook Citation: Tenn. Comp. R. & Regs. 0180-17-.12

0180-17-.12 FINANCIAL STATEMENTS.

Financial statements submitted to the Department of Financial Institutions shall be compiled in accordance with generally accepted accounting principles and certified by an independent certified public accountant or certified public accounting firm. Financial statements shall show compliance with the net worth requirements set forth in T.C.A. § 45-13-203. Financial statements shall include, but are not limited to, an income statement, balance sheet, statement of cash flows, and relevant disclosures.

Authority: T.C.A. §§ 45-1-107(h), 45-13-103, 45-13-206 and 45-13-208(a–b). Administrative History: Original rule filed May 28, 2010; effective October 29, 2010.

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