1. (a) Information and data necessary and relevant to implementation of this part is to be filed in accordance with Arkansas Code § 26-26-1601 et seq. as a portion of the company’s Annual Report to the Tax Division of the Arkansas Public Service Commission.

2. (b)

   1. (1)

      1. (A) The information to be furnished in the division’s Annual Report form should be in accordance with generally accepted accounting principles.
      2. (B) Should regulatory accounting information be available, it should be furnished as well.
   2. (2) It is particularly important that the information contained in the Annual Report be from an audited source that can be verified, if necessary, within the whole of a company’s overall organizational structure.
   3. (3) Should any of the information be omitted, the division has the discretion to estimate by whatever means it deems reasonable the information necessary to determine an overall assessment.

Codification Notes: This section was promulgated as Section VIII of the Market Valuation Rules for Telephone Companies prior to codification into the Code of Arkansas Rules.