CFR /  Title 30  /  Part 553  /  Sec. 553.27 When I submit audited annual financial statements to verify

Any audited annual financial statements that you submit must:

(a) Meet the standards in Sec. 553.24; 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.