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September 01, 2009
The Benchmark Audit
Audits revolve around many different concepts; perhaps one of the most common is a rate audit. Benchmark audit is the term many use to describe whether a carrier is charging the appropriate rate. For Interstate benchmark purposes, the CLECs have to mirror the ILEC serving their areas. For Intrastate the rules and regulations change by state. There are a couple things that can be determined and organized at the beginning to save time and make the audit run smoother. When looking at a benchmark audit one of the first things to look is to see how a carrier is billing – element, or by composite. Once that is determined look at the different elements they are billing, sometimes on a bill the same elements are listed in different ways. Grouping the elements at the beginning will save time in the long run. Sometimes bills can be hard to decipher, but time can be saved by doing a little organization in the beginning before the audit begins; rate detail accuracy is of utmost importance when it comes to this type of audit.
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