Tenn. Comp. R. & Regs. 0020-03-.09 - ACCOUNTING PRINCIPLES

(1) A licensee shall not:
(a) Express an opinion or state affirmatively that the financial statements or other financial data of any entity are presented in conformity with generally accepted accounting principles; or
(b) State that he or she is not aware of any material modifications that should be made to such statements or data in order for them to be in conformity with generally accepted accounting principles if such statements or data contain any departure from an accounting principle promulgated by bodies designated by the AICPA to establish such principles, which departure has a material effect on the statements or data taken as a whole.


Tenn. Comp. R. & Regs. 0020-03-.09
Original rule filed June 9, 1981; effective August 18, 1981. Amendment filed February 18, 1993; effective April 3, 1993. Repeal and new rule filed June 10, 1999; effective August 24, 1999. Amendment filed August 15, 2006; effective October 29, 2006.

Authority: T.C.A. ยงยง 62-1-105 and 62-1-111.

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