Section R. 445.505 - DisclosureRule 505.
(1) Whenever an unaudited financial statement is utilized pursuant to this rule, it shall be accompanied by the following written disclosure or a substantially equivalent statement, immediately adjacent thereto, in 10-point type:"This financial statement is prepared without an audit. Investors in or sellers of franchises should be advised that a certified public accountant has not audited these figures or expressed his opinion with regard to their contents or form."
(2) If an unaudited financial statement is referred to orally, it shall be accompanied by an oral statement containing a caveat approximating the language in subrule (1).Mich. Admin. Code R. 445.505