The following may be attributed to Joan Marsh, AT&T Senior Vice President of Federal Regulatory:

“Despite dramatic upheavals in the telecom industry over the course of the last few decades, outdated accounting rules remained in place for price cap carriers until today.  At today’s meeting, the Pai Commission adopted an Order eliminating these costly and duplicative accounting rules that were relics of a bygone era, creating flexibility for ILECs to keep accounting records in the same manner as their competitors.  We support the Commission’s efforts to reform and streamline these rules and we will work with the Commission to ensure a smooth transition to the Generally Accepted Accounting Principles regime.”

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