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Features of the original document layout such as columns, tables, line and letter spacing, pagination, and margins will not be preserved in the text version. If you need the complete document, download the WordPerfect version or Adobe Acrobat version, if available. In CC Docket No. 86-111, the Commission established accounting safeguards which govern the allocation of telecommunications common carriers' costs between their regulated and nonregulated activities and the treatment of transactions between these carriers and their affiliates. Among these safeguards is the requirement that each Tier 1 local exchange carrier must have an audit performed annually by an independent auditor. The purpose of the audit is to provide a positive opinion on whether the carrier's cost allocation methodologies used in preparing reports to the Commission are in conformity with the cost allocation manual approved by the Commission and whether the reported results are an accurate application of those methodologies.