2005 Idaho Code - 69-521 — FINANCIAL STATEMENTS

                                  TITLE  69
                                  WAREHOUSES
                                  CHAPTER 5
                             COMMODITY DEALER LAW
    69-521.  FINANCIAL STATEMENTS. In order to obtain a commodity dealer's
license, the applicant shall submit an audited or reviewed financial statement
prepared by an independent certified public accountant or licensed public
accountant, a statement of current assets and current liabilities and a
statement of net worth, all of which shall be prepared in accordance with
generally accepted accounting principles. This statement must have been
prepared not more than ninety (90) days prior to the date of application and
shall conform to the applicable requirements of this chapter as to annual
financial statements.
    Once licensed, every licensee shall annually prepare a financial statement
either at the close of business, December 31, or at the end of their fiscal
year and file the statement with the department not later than ninety (90)
days thereafter. These statements shall be prepared in conformity with
generally accepted accounting principles and shall include, but not be limited
to, a reviewed financial statement prepared by an independent certified public
accountant or licensed public accountant, a statement of current assets and
current liabilities, and a statement of net worth.