NPRR077  Incorporating the ERCOT Internal Audit Department and Other Clarifications

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.