UNWANTED ASSETS? MOTOR CARRIERS AND AUDITORS IN A POST-MAISLIN WORLD

The Motor Carrier Act of 1980 deregulated the motor carrier industry and forced all its participants into a new world. For reasons unclear, Congress did not repeal or modify the statutory underpinnings of the "filed tariff doctrine." When faced with implementing the perceived mandate of deregulation, the Interstate Commerce Commission (ICC) tried to fashion an escape mechanism. The Supreme Court disposed of the ICC's attempted circumvention of the filed tariff doctrine in the now well-reviewed decision, Maislin Industries, Inc. v. Primary Steel, Inc. This article recounts the legal issues presented to the Supreme Court by the unresolved tension existing between the economic deregulation of the motor carrier industry and the extant filed tariff doctrine, reviews the Supreme Court's decision in Maislin, and provides an in-depth analysis of this landmark decision's potential impact upon a motor carrier's financial and auditing reporting duties and standards.

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Filing Info

  • Accession Number: 00616661
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Nov 30 1991 12:00AM