[Code of Federal Regulations]
[Title 47, Volume 2]
[Revised as of October 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 47CFR32.13]

[Page 390-391]
 
                       TITLE 47--TELECOMMUNICATION
 
        CHAPTER I--FEDERAL COMMUNICATIONS COMMISSION (CONTINUED)
 
PART 32_UNIFORM SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS
COMPANIES--Table of Contents
 
                     Subpart B_General Instructions
 
Sec. 32.13  Accounts--general.

    (a) As a general rule, all accounts kept by reporting companies 
shall conform in numbers and titles to those prescribed herein. However, 
reporting companies may use different numbers for internal purposes when 
separate accounts (or subaccounts) maintained are consistent with the 
title and content of accounts and subaccounts prescribed in this system.
    (1) A company may subdivide any of the accounts prescribed. The 
titles of all such subaccounts shall refer by

[[Page 391]]

number or title to the controlling account.
    (2) A company may establish temporary or experimental accounts 
without prior notice to the Commission.
    (b) Exercise of the preceding options shall be allowed only if the 
integrity of the prescribed accounts is not impaired.
    (c) As of the date a company becomes subject to the system of 
accounts, the company is authorized to make any such subdivisions, 
reclassifications or consolidations of existing balances as are 
necessary to meet the requirements of this system of accounts.
    (d) Nothing contained in this part shall prohibit or excuse any 
company, receiver, or operating trustee of any carrier from subdividing 
the accounts hereby prescribed for the purpose of:
    (1) Complying with the requirements of the state commission(s) 
having jurisdiction; or
    (2) Securing the information required in the prescribed reports to 
such commission(s).
    (e) Where the use of subsidiary records is considered necessary in 
order to secure the information required in reports to any state 
commission, the company shall incorporate the following controls into 
their accounting system with respect to such subsidiary records:
    (1) Subsidiary records shall be reconciled to the company's general 
ledger or books of original entry, as appropriate.
    (2) The company shall adequately document the accounting procedures 
related to subsidiary records.
    (3) The subsidiary records shall be maintained at an adequate level 
of detail to satisfy state regulators.

[51 FR 43499, Dec. 2, 1986, as amended at 65 FR 16334, Mar. 28, 2000; 67 
FR 5679, Feb. 6, 2002]