Issues

NPRR077

Summary
Action
Voting Record
Background
Key Documents

Summary

Title	Incorporating the ERCOT Internal Audit Department and Other Clarifications
Next Group
Next Step
Status	Approved on 12/11/2007
Effective Dates	12/01/2010 or per the Nodal Protocol Transition Plan http://www.ercot.com/mktrules/protocols (01/01/08 Nodal Protocols Library)

Action

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

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

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

Background

Status:	Approved
Date Posted:	Aug 7, 2007
Sponsor:	ERCOT Staff
Urgent:	No
Sections:	1.4.2, 14.3.1, 1.4.3.1.1, 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.