Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 1376 - ACCOUNTING AND FINANCIAL RECORD REQUIREMENTS
Section 1376.10 - Generally Accepted Accounting Principles
Universal Citation: 92 IL Admin Code ยง 1376.10
Current through Register Vol. 48, No. 12, March 22, 2024
a) All Illinois Commerce Commission licenses common or contract motor carriers of property, and each receiver, trustee, executor, administrator, or assignee of any such carrier, shall comply with generally accepted accounting principles for use in the keeping and recording of their accounts and bookkeeping records.
b) As generally accepted accounting principles, the commission incorporates by reference "Accounting Standards" (June 1992) of the Financial Accounting Standards Board and any subsequent revisions thereof.
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