Financial Statements

When an applicant or licensee submits a financial statement as part of any application to the Board, the following requirements shall apply, unless waived by the Board in its discretion and for good cause: LICENSING CHAPTER 0680-01 (1) The financial statement must be executed by a licensed public accountant or a Certified Public Accountant on the accountant’s letterhead along with the accountant’s license or certification number; (2) The financial statement must be prepared in accordance with Generally Accepted Accounting Principles; (3) The financial statement must be dated no earlier than twelve (12) months prior to the date of application; (4) The financial statement must be prepared in the name of the applicant or licensee; and (5) If the accountant is not licensed in the State of Tennessee, a copy of the accountant’s license must be furnished with the financial statement.