California Enacts New Law Adjusting PUC Audit Requirements
California has enacted a new law that would now require the commission to audit the books and records of each telephone corporation if the utility has over 10,000 customers and would require the commission to review or audit the books and records of the utility if the utility has 10,000 or fewer customers. The bill would require these reviews or audits to be conducted for regulatory purposes, rather than regulatory and tax purposes.
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