1998 Biennial Regulatory ReviewReview of Accounting and Cost Allocation Requirements; United States Telephone Association Petition for Rulemaking

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In this Notice of Proposed Rulemaking, (NPRM), the Commission proposes as part of the biennial review to modify its accounting and cost allocation rules. The Commission proposes to raise the threshold significantly for required Class A accounting thus allowing mid-sized carriers currently required to use Class A accounts to use the more streamlined Class B accounts. In addition, the Commission proposes to establish less burdensome cost allocation manual (``CAM'') procedures for the mid-sized incumbent local exchange carriers (``LECs'') and to reduce the frequency with which independent audits of the cost allocations based upon the CAMs are required. Finally, the Commission propose several changes to the Uniform System of Accounts (``USOA'') to reduce accounting requirements and to eliminate or consolidate accounts.