Cal. Code Regs. tit. 10 § 80.5

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 80.5 - Financial Statements and Accounting Items-Generally Accepted Accounting Principles

In this Subchapter, unless otherwise expressly provided, references to financial statements and references to assets, liabilities, income, shareholders' equity, and similar accounting items mean such financial statements and such accounting items prepared or determined in conformity with United States generally accepted accounting principles then applicable, fairly presenting in conformity with generally accepted accounting principles the matters which they purport to present, subject to any specific accounting treatment required by the Commissioner, this Subchapter, the Money Transmission Act, or any other applicable law.

Cal. Code Regs. Tit. 10, § 80.5

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Amendment of section and NOTE filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).

Note: Authority cited: Sections 321 and 334, Financial Code. Reference: Division 1.2, Financial Code.

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Amendment of section and Note filed 8-11-2015; operative 10/1/2015 (Register 2015, No. 33).