30 CFR 253.27 - When I submit audited annual financial statements to verify my unencumbered assets, what standards must they meet?

§ 253.27 When I submit audited annual financial statements to verify my unencumbered assets, what standards must they meet?
Any audited annual financial statements that you submit must:
(a) Meet the standards in § 253.24; and
(b) Include a certification by the independent accountant who audited the financial statements that states:
(1) The value of the unencumbered assets is reasonable and uses the same valuation method used in your audited annual financial statements;
(2) Any existing encumbrances are noted;
(3) The assets are long-term assets held for use; and
(4) The valuation method used in the audited annual financial statements is for long-term assets held for use.
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