AT&T To Work on Industry Proposal for Part 32 Accounting Rule Shift to GAAP
AT&T said it will work with others to develop an industry proposal for replacing Part 32 accounting rules with generally accepted accounting principles (GAAP). AT&T representatives discussed issues related to a potential accounting shift with FCC officials Wednesday, said a…
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company filing posted Friday in docket 14-130. "AT&T agreed to do some analysis of the potential impacts and work with other industry members on a recommendation," the filing said. In another recent filing, CenturyLink asked FCC officials to rescind the existing accounting regime, emphasizing "the needless costs and administrative burdens imposed by Part 32 accounting across ILEC operating companies." CenturyLink discussed how such a change would affect "materiality and pole attachment costs," the same two areas discussed by AT&T, Verizon and FCC officials in a previous meeting (see 1601250051). The Wireline Bureau has been looking to craft a draft order on Part 32 rules, Bureau Chief Matt DelNero said in December (see 1512030060).