To recommend approval of NPRR077 as modified by PRS.
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.
Aug 7, 2007
1.4.2, 14.3.1, 184.108.40.206.1, 1.4.4, 1.4.5, 1.4.6
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.
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.