As we approach the deadline of September 30 for full SOX compliance, all the indications are the Postal Service nationwide has been judged "technically efficient" in following our Business Mail Entry Unit (BMEU) and Plant Verified Drop Shipment (PVDS) processes, and ensuring postal funds are properly collected. One of the most significant changes ever made to federal securities laws, SOX was applied to USPS under the Postal Act of 2006, holding it to higher standards of financial reporting, disclosure and internal auditing. By achieving full compliance, the Postal Service has demonstrated fiscal integrity. We no longer have to endure criticism that the Postal Service is "wasting taxpayer's money." We clearly can demonstrate we don't receive any government subsidies and our sources of revenue come solely from the sale of our products and services.
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