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Changes in Audit Schedule and Compliance Engagements: NRWG Meeting Highlights (Nov 22, 2013)

The NRWG meeting on November 22, 2013, highlighted significant changes in the audit schedule and compliance processes proposed by Texas RE. Key updates included a new implementation plan approval timing, a commitment to fairness across registered entities, and an updated notification approach that ensures a minimum of 90 days' notice prior to audits. The meeting also introduced the concept of theme-scoped audits and encouraged interaction from Subject Matter Experts (SMEs) during data retrieval. Overall, these improvements aim to enhance management oversight and streamline the compliance engagement process.

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Changes in Audit Schedule and Compliance Engagements: NRWG Meeting Highlights (Nov 22, 2013)

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  1. Texas RE Update Curtis Crews Director, Compliance Assessments Jim Albright VP and Chief Program Officer NRWG Meeting November 22, 2013

  2. audit schedule changes NRWG Meeting November 22, 2013

  3. 2014 Audit Schedule • Announcement timing issue associated with approval and posting of 2014 Implementation Plan • Updated approach: • Isfairfor all Registered Entities • Provides consistent treatment for Audit notification • Allows some flexibility • Meets Rules of Procedure (ROP) • Reinforces the expectation of being prepared for a compliance engagement at any time. NRWG Meeting November 22, 2013

  4. Audit Process Changes • Minimum 90 day notification per ROP with an additional pre-90 day notification courtesy phone call • Summary Briefing with an extension, not to exceed 4 weeks, prior to Exit Briefing • Allows more time to determine disposition of Preliminary Findings • Allows more time for evidence to be provided • Allows for more management oversight • Eliminates rush to judgment and flagging of Preliminary Findings NRWG Meeting November 22, 2013

  5. Ideas and Near Future Changes • Texas RE encourages SME interaction during the data retrieval and data review timeframe. • Introduction of theme scoped audits • Appropriate scope determined • NERC AML oversight policy change • 2014 is a transition year NRWG Meeting November 22, 2013

  6. Texas re organization NRWG Meeting November 22, 2013

  7. Texas RE Organization • Org chart posted on Texas RE website on Contact Us page. • Direct Link to org chart: • http://www.texasre.org/CPDL/TexasRE_OrgChart.pdf NRWG Meeting November 22, 2013

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