§ 5-12.20. Financial records: Accounting principles.

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The financial records of a soliciting organization shall be maintained on the basis of generally accepted accounting principles as defined by the American Institute of Certified Public Accountants and the Financial Accounting Standards Board.

The disclosure requirements of subsection (c) of Section 5-12.19 shall be based on the same accounting principles used to maintain the soliciting organization's financial records.

(§ 1, Ord. 746, eff. March 14, 1991)

                    
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