[Federal Register Volume 65, Number 191 (Monday, October 2, 2000)]
[Rules and Regulations]
[Pages 58661-58662]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-25014]


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FEDERAL COMMUNICATIONS COMMISSION

47 CFR Parts 32 and 64

[CC Docket No. 99-253; FCC 00-78]


Comprehensive Review of the Accounting Requirements and ARMIS 
Reporting Requirements for Incumbent Local Exchange Carrier: Phase 1

AGENCY: Federal Communications Commission.

ACTION: Final rule; announcement of effective date.

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SUMMARY: This document announces the effective date of the rules and 
information collections of the Comprehensive Review of the Accounting 
Requirements and ARMIS Reporting Requirements for Incumbent Local 
Exchange Carrier: Phase 1 Report and Order adopted March 2, 2000.

DATES: Effective September 28, 2000.

FOR FURTHER INFORMATION CONTACT: JoAnn Lucanik, Accounting Safeguards 
Division, Common Carrier Bureau, at (202) 418-0873 or Mika Savir, 
Accounting Safeguards Division, Common Carrier Bureau, at (202) 418-
0384.

SUPPLEMENTARY INFORMATION: On March 2, 2000, the Commission adopted the 
Comprehensive Review of the Accounting Requirements and ARMIS Reporting 
Requirements for Incumbent Local Exchange Carrier: Phase 1 Report and 
Order, 65 FR 16328 (March 28, 2000) in this Report and Order the 
Commission eliminates the expense matrix filing requirement; provides 
large ILECs the option to obtain a biennial attestation engagement to 
satisfy their CAM audit obligation; establishes a $500,000 de minimis 
exception to the affiliate transactions fair market value estimate 
requirement; eliminates the 15-day pre-filing requirement for cost pool 
and time reporting procedures changes; eliminates the notification 
requirement for temporary or experimental accounts; eliminates the 
notification requirement for extraordinary items, contingent 
liabilities, and material prior period adjustments; eliminates the 
reclassification requirements for property in Account 2002; and 
eliminates the reclassification requirements for property in Account 
2003. The Commission substantially streamlines the ARMIS 43-02 USOA 
Report and significantly reduced the reporting requirements for 
carriers. In 65 FR 16328 (March 28, 2000) The Commission stated that 
the Report and Order contained information collections that had not 
been approved by the

[[Page 58662]]

Office of Management and Budget (OMB). OMB approved the information 
collections (see OMB numbers 3060-0470 approved May 31, 2000; 3060-
0370, 3060-0395, and 3060-0734 approved June 19, 2000; and 3060-0384 
approved September 1, 2000). In 65 FR 16328 (March 28, 2000) we also 
stated that the Commission would publish a document in the Federal 
Register announcing the effective date of the rules. This publication 
satisfies our statement that the Commission would publish a document in 
the Federal Register announcing the effective date of the information 
collections and the new and/or modified sections of Parts 32 and 64 
rules.

List of Subjects

47 CFR Part 32

    Communications common carriers, Reporting and recordkeeping 
requirements, Telephone, Uniform System of Accounts.

47 CFR Part 64

    Communications common carriers, Federal Communications Commission, 
Radio, Reporting and recordkeeping requirements, Telegraph, Telephone.

Federal Communications Commission.
Magalie Roman Salas,
Secretary.
[FR Doc. 00-25014 Filed 9-29-00; 8:45 am]
BILLING CODE 6712-01-P