[Code of Federal Regulations]
[Title 18, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 18CFR158.12]

[Page 544-545]
 
           TITLE 18--CONSERVATION OF POWER AND WATER RESOURCES
 
  CHAPTER I--FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY
 
PART 158_ACCOUNTS, RECORDS, AND MEMORANDA--Table of Contents
 
Sec. 158.12  Qualifications of accountants.

    The Commission will recognize only independent certified public 
accountants, or independent licensed public accountants who were 
licensed on or before December 31, 1970, who are in fact independent. 
For example, an accountant will not be considered independent with 
respect to any person or any of its parents or subsidiaries in who he 
has, or had during the period of report, any

[[Page 545]]

direct financial interest. The Commission will determine the fact of 
independence by considering all the relevant circumstances including 
evidence bearing on the relationships between the accountant and that 
person or any affiliate thereof.

(Sec. 10, 52 Stat. 826; 15 U.S.C. 717i)

[37 FR 26006, Dec. 7, 1972, as amended at 60 FR 53065, Oct. 11, 1995]

[[Page 546]]