Ill. Admin. Code tit. 92, § 1376.10 - Generally Accepted Accounting Principles
a) All Illinois Commerce Commission licenses
common or contract motor carriers of property, and each receiver, trustee,
executor, administrator, or assignee of any such carrier, shall comply with
generally accepted accounting principles for use in the keeping and recording
of their accounts and bookkeeping records.
b) As generally accepted accounting
principles, the commission incorporates by reference "Accounting Standards"
(June 1992) of the Financial Accounting Standards Board and any subsequent
revisions thereof.
Notes
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