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

Document Information

Comments Open:: 12/29/2021
Summary:: The proposed amendment updates the rule to reference the current names of the accounting principles that are to followed when audited financial statements are submitted to the Department by Florida licensed employee leasing companies, and refers the public to definitions in rule 61G7-6.001.
Purpose:: The purpose of the rule amendment is to update the rule language to be consistent with terminology used in accounting. The effect is that the Board’s rule will, when amended, be consistent with professional terminology.
Rulemaking Authority:: 468.522, 468.525(3)(e) FS.
Law:: 468.525(3)(e) FS.
Related Rules: (1): 61G7-5.0031. Audited Financial Statements