Goto Section: 32.15 | 32.17 | Table of Contents
Revised as of February 22, 2021
Goto Year:2020 |
§ 32.16 Changes in accounting standards.
(a) The company's records and accounts shall be adjusted to apply new
accounting standards prescribed by the Financial Accounting Standards
Board or successor authoritative accounting standard-setting groups, in
a manner consistent with generally accepted accounting principles. The
change in an accounting standard will automatically take effect 90 days
after the company informs this Commission of its intention to follow
the new standard, unless the Commission notifies the company to the
contrary. Any change adopted shall be disclosed in annual reports
required by § 43.21(f) of this chapter in the year of adoption.
(b) The changes in accounting standards which this Commission approves
will not necessarily be binding on the ratemaking practices of the
various state commissions.
[ 51 FR 43499 , Dec. 2, 1986, as amended at 64 FR 50007 , Sept. 15, 1999;
67 FR 5679 , Feb. 6, 2002]
Goto Section: 32.15 | 32.17
Goto Year: 2020 |
CiteFind - See documents on FCC website that
cite this rule
Want to support this service?
Report errors in
this rule. Since these rules are converted to HTML by machine, it's possible errors have been made. Please
help us improve these rules by clicking the Report FCC Rule Errors link to report an error.
Helping make public information public