{"data":{"id":"us/30-cfr-553.27","jurisdiction":"us","citation":"30 CFR 553.27","heading":"When I submit audited annual financial statements to verify my unencumbered assets, what standards must they meet?","body":"Any audited annual financial statements that you submit must:\n(a) Meet the standards in § 553.24; and\n(b) Include a certification by the independent accountant who audited the financial statements that states:\n(1) The value of the unencumbered assets is reasonable and uses the same valuation method used in your audited annual financial statements;\n(2) Any existing encumbrances are noted;\n(3) The assets are long-term assets held for use; and\n(4) The valuation method used in the audited annual financial statements is for long-term assets held for use.","path":["Title 30—Mineral Resources","CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR","SUBCHAPTER B—OFFSHORE","PART 553—OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES","Subpart C—Methods for Demonstrating OSFR"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-30.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:24Z","sha256":"724e34e0cddb9d0cfdd867df3d88d820766b87bc2c4b3a4c7d49ce2a28037677","source_id":"us-cfr","stale":true,"prev":"us/30-cfr-553.26","next":"us/30-cfr-553.28"},"notice":"GroundRules: Original legal text. Not legal advice."}