Special accounting rules.
Section 48
SEC. 48. Special accounting rules. —The Commission shall have the authority, subject to the approval of the Minister of Finance to make, amend, and rescind such accounting rules and regulations as may be necessary to carry out the provisions of this Act, including rules and regulations governing registration statements and prospectuses for various classes of securities and issuers, and defining accounting, technical, and trade terms used in this Act. Among other things, the Commission shall have authority, for the purpose of this Act, to prescribe, with the approval of the Minister of Finance, the form or forms in which require information shall be set forth, the items or details to be shown in the balance sheet and earning statement, and the methods to be followed in the preparation of the accounts, appraisal or valuation of assets and liabilities, determination and depreciation and depletion, differentiation of recurring and nonrecurring income, differentiation of investment and operating income, and in the preparation, where the Commission deems it necessary or desirable, of consolidated balance sheets or income accounts of any person directly or indirectly controlling or controlled by the issuer, or any person under direct or indirect common control with the issuer. (n)