§553.27 — 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:
(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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