Cal. Code Regs. tit. 10 § 10.13002
Whenever this Article requires that a financial statement of a foreign (other nation) bank or of any other person domiciled in a foreign nation be filed with the Commissioner, in case the local accounting practices in the place where such bank or other person is domiciled are materially different from generally accepted principles in the United States, such financial statement shall be prepared either in accordance with such local accounting practices or in accordance with generally accepted accounting principles in the United States; and, if the financial statement is prepared in accordance with local accounting practices, it shall be accompanied by a description of the principal differences between the local accounting-practices and generally accepted accounting principles in the United States.
Cal. Code Regs. Tit. 10, § 10.13002
Note: Authority cited: Section 215, Financial Code. Reference: Section 118 and Chapter 13.5, Division 1, Financial Code.