(2) A financial statement required under ORS 86A.095 to 86A.198 must be prepared in accordance with generally accepted accounting principles. The director may by rule prescribe:
(a) The form and content of financial statements required under ORS 86A.095 to 86A.198;
(b) The circumstances under which consolidated financial statements must be filed; and
(c) Whether any required financial statements must be certified by independent or certified public accountants. [Formerly 59.900]