Goto Section: 53.209 | 53.213 | Table of Contents
FCC 53.211
Revised as of October 1, 2008
Goto Year:2007 |
2009
Sec. 53.211 Audit planning.
(a) Before selecting an independent auditor, the Bell operating company
shall submit preliminary audit requirements, including the proposed scope of
the audit and the extent of compliance and substantive testing, to the
Federal/State joint audit team organized pursuant to Sec. 53.209(d);
(b) The Federal/State joint audit team shall review the preliminary audit
requirements to determine whether it is adequate to meet the audit
requirements in Sec. 53.209 (b). The Federal/State joint audit shall have 30
days to review the audit requirements and determine any modifications that
shall be incorporated into the final audit requirements.
(c) After the audit requirements have been approved by the Federal/State
joint audit team, the Bell operating company shall engage within 30 days an
independent auditor to conduct the biennial audit. In making its selection,
the Bell operating company shall not engage any independent auditor who has
been instrumental during the past two years in designing any of the
accounting or reporting systems under review in the biennial audit.
(d) The independent auditor selected by the Bell operating company to
conduct the audit shall develop a detailed audit program based on the final
audit requirements and submit it to the Federal/State joint audit team. The
Federal/State joint audit team shall have 30 days to review the audit
program and determine any modifications that shall be incorporated into the
final audit program.
(e) During the course of the biennial audit, the independent auditor, among
other things, shall:
(1) Inform the Federal/State joint audit team of any revisions to the final
audit program or to the scope of the audit.
(2) Notify the Federal/State joint audit team of any meetings with the Bell
operating company or its separate affiliate in which audit findings are
discussed.
(3) Submit to the Chief, Enforcement Bureau, any accounting or rule
interpretations necessary to complete the audit.
[ 62 FR 2926 , Jan. 21, 1997, as amended at 67 FR 13226 , Mar. 21, 2002]
Goto Section: 53.209 | 53.213
Goto Year: 2007 |
2009
CiteFind - See documents on FCC website that
cite this rule
Want to support this service?
Thanks!
Report errors in
this rule. Since these rules are converted to HTML by machine, it's possible errors have been made. Please
help us improve these rules by clicking the Report FCC Rule Errors link to report an error.
hallikainen.com
Helping make public information public