- (a) Unless otherwise provided herein, audited financial statements shall be prepared by an independent certified public accountant in accordance with generally accepted auditing standards in conformity with generally accepted accounting principles and accompanied by an opinion acceptable to the Securities Commissioner.
- (b) An unaudited balance sheet shall be prepared in accordance with generally accepted accounting principles.
- (c) All financial statements filed with the commissioner as part of a registration or annual filing requirement shall be public when filed, except that if the balance sheet for a broker-dealer is in a format which is separate from the remainder of the audited financial statements and is identified as confidential, then it will be so treated.