Md. Code Regs. 10.62.19.01

Current through Register Vol. 51, No. 12, June 14, 2024

Section 10.62.19.01 - Definitions

A. In this chapter the following terms have the meanings indicated.

B. Terms Defined.

(1) "Audited financial statement" means an audited financial statement that is performed by a certified public accountant licensed or with practice privileges in Maryland, pursuant to Business Occupations and Professions Article, Title 2, Annotated Code of Maryland, that:

(a) Is prepared in accordance with the Professional Standards of the American Institute of Certified Public Accountants; and

(b) In the case of a publicly owned corporation in conformity with the standards of the Public Company Oversight Board;

(2) "License" means a license issued by the Commission to operate as a licensed processor; and

(3) "Licensee" means a licensed processor.

Md. Code Regs. 10.62.19.01

Regulation .01 adopted effective 42:18 Md. R. 1176, eff.9/14/2015