Texas TDI Instructions for Filing CPA Audited Financial Reports provide guidance to insurance companies on how to file certified public accountant (CPA) audited financial reports with the Texas Department of Insurance (TDI). These instructions are divided into two filing categories: Statutory Financial Reviews (FRS) and Audited Financial Reports (Airs). Statutory Financial Reviews (FRS) are financial reports that are done by an independent CPA in accordance with Texas statutes. These reports must be filed annually and should include information such as the company's balance sheet, income statement, and statement of changes in equity. Audited Financial Reports (Airs) are required by the TDI for certain entities, such as Health Maintenance Organizations (HMO's). These reports must be filed annually and should include information such as the company's balance sheet, income statement, statement of changes in equity, and any other information that is deemed necessary by the TDI. The Texas TDI Instructions for Filing CPA Audited Financial Reports provide guidance on how to prepare and file these reports with the TDI. The instructions cover topics such as filing deadlines, report formats, and other requirements.