ARCHIVED -  Telecom Public Notice CRTC 96-30

Telecom Public Notice

Ottawa, 2 August 1996

Telecom Public Notice CRTC 96-30

TELEGLOBE CANADA - APPLICATION TO IMPLEMENT CHANGES TO ACCOUNTING POLICIES

I BACKGROUND

In Teleglobe - Review of the Regulatory Framework, Telecom Decision CRTC 96-2, 2 February 1996 (Decision 96-2), the Commission determined that it would not be appropriate, at that time, to approve a proposal by Teleglobe Canada Inc. (Teleglobe) to revise its accounting policies and directives and, accordingly, denied the company's request. The Commission stated that it believed that Teleglobe would be in a better position to propose the changes to its accounting policies and directives, which the company considered necessary, once Teleglobe's external auditors had had an opportunity to review Decision 96-2. In Decision 96-2, the Commission also directed Teleglobe to file a copy of its external auditors' opinion once it became available.

On 15 May 1996, Teleglobe filed an application to implement certain changes to the company's accounting policies, including those related to: a) Allowance for funds used during construction; b) Deferred taxes; and c) the Rate stabilization account. The application was accompanied by an opinion from the company's external auditors which concluded that the revisions proposed by Teleglobe would result in the company being in a position to comply with Generally Accepted Accounting Principles under the revised regulatory framework established for the company in Decision 96-2.

The Commission seeks comment regarding the appropriateness of the proposed changes.

II PROCEDURE

1. The application may be examined at any of the company's business offices or at the offices of the CRTC in the following locations:

Central Building
Les Terrasses de la Chaudière
1 Promenade du Portage
Room 201
Hull, Quebec

Bank of Commerce Building
1809 Barrington Street
Suite 1007
Halifax, Nova Scotia

Place Montréal Trust
1800 McGill College Avenue
Suite 1920
Montréal, Quebec

275 Portage Avenue
Suite 1810
Winnipeg, Manitoba

580 Hornby Street
Suite 530
Vancouver, British Columbia

A copy of the application may be obtained by any interested person upon direct request to the company at the address shown below.

2. The mailing addresses to be used in connection with this proceeding are:

Mr. Allan J. Darling
Secretary General
CRTC
Ottawa, Ontario
K1A 0N2
fax: (819) 953-0795

Mr. Edward A. Rutherford
Director
Regulatory Affairs
Corporate and Legal Affairs
Teleglobe Canada Inc.
1000 de la Gauchetière Street West
Montréal, Quebec
H3B 4X5
fax: (514) 868-7939

3. The Commission has addressed interrogatories to Teleglobe under cover of a separate letter. Responses to these interrogatories are to be filed with the Commission by 16 August 1996.

4. Interested parties may file comments with the Commission, serving copies on Teleglobe, by 30 August 1996.

5. Teleglobe may file a reply to any comments, serving copies on interested parties, by 13 September 1996.

6. In addition to hard copy filings, parties are encouraged to file with the Commission electronic versions of their submissions in accordance with the Commission's Interim Telecom Guidelines for the Handling of Machine-Readable Files, dated 30 November 1995. The Commission's Internet email address for electronically filed documents is public.telecom@crtc.x400.gc.ca. Electronically filed documents can be accessed at the Commission's Internet site at http://www.crtc.gc.ca.

7. Where a document is to be filed or served by a specific date, the document must be actually received, not merely mailed, by that date.

Allan J. Darling
Secretary General

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