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    LNGS CLIENT SMITH BAGLEY, INC. FILES COMMENTS ON FCC’s PROPOSED LIFELINE AUDIT PLAN

    Today Smith Bagley, Inc. (SBI) filed comments on the FCC’s proposed audit plan for the biennial independent audit requirement adopted as part of the FCC’s Lifeline reforms.  Under the FCC’s new rules, providers of Lifeline telephone service receiving at least $5 million per year in Low Income support must engage an independent auditor every two years to conduct an audit of their Lifeline compliance.  SBI’s comments highlight the FCC’s core objective that the independent audits are intended as a high-level review of a company’s procedures and internal controls, not as a comprehensive and unnecessarily burdensome form of review duplicating the audit mechanisms already in place.   

     

    LNGS Contacts: David LaFuria and Steven Chernoff