Rules and Regulations Covering Form and Content of Financial Statements

February 20, 2003SECURITIES AND EXCHANGE COMMISSIONSRC RULE 68, AS AMENDEDRULES AND REGULATIONS COVERING FORM AND CONTENT OF FINANCIAL STATEMENTSI. RULE 68. GENERAL REQUIREMENTS.1. Application and Definition of Terms2. General Guides to Financial Statements Preparation3. Qualifications and Reports of Independent Auditors4. Framework for the Preparation and Presentation of Financial Statementsa. Applicabilityb. Underlying Assumptionsc. Qualitative Characteristicsd. Basic Financial Statements and Minimum Presentation5. Comparative Financial Statements6. Penalties, Repealing Clause and EffectivityII. RULE 68.1. SPECIAL RULES ON FINANCIAL STATEMENTS OF REPORTING COMPANIES UNDER SECTION 17.2 OF THE SRC1. Application2. Auditor's Opinion on Financial Statements3. Responsibility for Financial Statements4. Periodic Presentation5. Financial statements of businesses acquired or to be acquired6. Applicability with Other Reports7. Additional Disclosure Requirements8. Interim Financial Statements9. Pro Forma Financial Information10. Consolidated Financial StatementsAnnex 68.1-J (General Notes to Financial Statements)Annex 68.1-K (Balance Sheet)Annex 68.1-L (Income Statement)Annex 68.1-M (Schedules)RULE 68General Requirements1. APPLICATION AND DEFINITION OF TERMSa Application of this Rulei. This Rule (together with subsequent official pronouncements, interpretations and rulings on accounting and reporting matters, which may be issued by the Commission from time to time) states the...