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MANAGEMENT/PERFORMANCE AND FINANCIAL AUDIT OF THE FUEL AND PURCHASED POWER RIDER
The Commission has initiated a three-year audit cycle for Rider FAC. A complete and thorough audit will be conducted in each year of the three-year audit cycle. However, in conducting the second and third audit, the auditor may rely upon the first audits investigations and results, but only to the extent that the information relied upon has not changed in the intervening period.
The Commission intends that the auditor selected for the first audit will also conduct the second and third audit. However, the auditor must understand that changes in the regulatory environment, performance in the first audit, or factors beyond the control of the auditor or Commission could result in the Commission rescinding the second or third audit award.
