A. The application documents shall include audited financial statements of the applicant for each of the 3 fiscal years preceding the date the application documents are submitted, including a:
- (1) Balance sheet; and
- (2) Profit and loss statement.
- B. If the applicant has been organized for less than 3 years, the application documents shall include audited financial statements for each fiscal year that the applicant has been organized.
- C. Information submitted under this regulation shall be prepared by an independent certified public accountant in accordance with generally accepted accounting principles.
Authority: Business Regulation Article, §11-210, Annotated Code of Maryland
Effective date: December 13, 1999 (26:25 Md. R. 1897)