In doing so, the CLT opted to adhere closely to present guidelines set down in the most recent (1984) NARUC Uniform System of Accounts
But the "ballooning" of utility balance sheets also will create property tax complications and may require revisions to the Federal Energy Regulatory Commission uniform system of accounts
To comply with regulatory requirements and to provide important information to financial statement users, many utilities must report their financial results to regulators using OCBOA such as the Federal Energy Regulatory Commission (FERC) Uniform System of Accounts
in which all subsidiaries are reported on the equity method of accounting, due to a regulatory emphasis upon utility operations versus non-utility subsidiary operations.
Office of Management and Budget Circular A-133, the New York State Uniform System of Accounts
, Governmental Accounting, Auditing and Financial Reporting (GAAFR) standards issued by the Government Finance Officers Association, Statements on Auditing Standards issued by the Auditing Standards Board of the American Institute of Certified Public Accountants, and any relevant statements promulgated by the Governmental Accounting Standards Board (GASB), including GASB Statement 34.