Title: Incorporating the ERCOT Internal Audit Department and Other Clarifications
Next Group:
Next Step:
Status: Approved on 12/11/2007
Effective Dates:

or per the Nodal Protocol Transition Plan http://www.ercot.com/mktrules/protocols (01/01/08 Nodal Protocols Library)


Date Gov Body Action Taken Next Steps
12/11/2007 BOARD Approved
11/01/2007 TAC Recommended for Approval Board consideration
10/18/2007 PRS Recommended for Approval TAC consideration
08/23/2007 PRS Recommended for Approval Impact Analysis review

Voting Record

Date Gov Body Motion Result
12/11/2007 BOARD To approve NPRR077 as recommended by TAC. Passed
11/01/2007 TAC To recommend approval of NPRR077 as recommended by PRS. Passed
10/18/2007 PRS To forward the Recommendation Report and IA for NPRR077 to TAC with the understanding that the ERCOT Board of Directors would consider NPRR077 and PRR735 simultaneously. Passed
08/23/2007 PRS To recommend approval of NPRR077 as modified by PRS. Passed

Vote tallies here reflect individual votes, not the weight of the votes by market segment. Affirmative votes are not recorded in these vote tallies. For additional details on the voting record, please consult the Recommendation or Action Report, or the official vote tally if available, as posted in the key documents.


Status: Approved
Date Posted: Aug 7, 2007
Sponsor: ERCOT Staff
Urgent: No
Sections: 1.4.2, 14.3.1,, 1.4.4, 1.4.5, 1.4.6
Description: This PRR incorporates the ERCOT Internal Audit Department into the Protocols, clarifies the audits to be performed, and the treatment of audit results. Responsibility for performing the annual operational or "settlements" audit, otherwise commonly known as the Statement on Auditing Standards (SAS) No. 70 ("SAS 70"), Type II report, will continue to be performed by an external independent certified public accounting firm. Upon approval of this PRR, responsibility for performing the other audits referenced in Protocol Section 1.4, Operational Audit, will transition to the Internal Audit Department.
Reason: Because ERCOT now has an Internal Audit Department, this section of the Protocols should be revised to account for the responsibilities of this department to perform relevant audits. Protocol Section 1.4, Operational Audit, dates from January of 2001. The Internal Audit Department was created in August of 2003, went through a transition period in 2004-2005, and was not sufficiently staffed with internal ERCOT resources until 2006.

Key Documents

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