25404414, 61G7-5.0033 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 25404414

Notice of Proposed Rule

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Board of Employee Leasing Companies

Chapter:

APPLICATION PROCEDURE

Overview

RULE:

61G7-5.0033

Consolidated and Combined Financial Statements

PURPOSE:

The purpose of the rule amendment is to update the rule language to be consistent with terminology currently used in accounting. The effect is that the Board’s rule will, when amended, be consistent with current professional terminology.

SUMMARY:

The proposed amendment updates the rule to reference the current name of the general accounting principles that are to be followed when consolidated or combined reviewed or audited financial statements are submitted to the Department by Florida licensed employee leasing companies, and refers the public and licensees to definitions in rule 61G7-6.001.

RULEMAKING AUTHORITY:

468.522 FS.

LAW:

468.525(2)(c), (3)(e), 468.526 FS.

PRINT PUBLISH DATE:

12/29/2021 Vol. 47/250

COMMENTS:

From 12/29/2021 To 1/19/2022 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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