Ill. Admin. Code tit. 83, § 416.30 - Internal Audits
a) Public utilities
shall conduct biennial internal audits, or internal audits conducted by independent
public accountants, of the accounting for the business other than public utility
business. These audits shall test compliance with this Part, with the cost
allocation guidelines submitted to the Director of Accounting of the Commission,
with any applicable Commission orders, and with 83 Ill. Adm. Code 415. The audits
shall include written reports of conclusions and associated workpapers which shall
be available to the Commission Staff for review. The audit reports shall be
submitted to the Commission's Director of Accounting within 30 days of
completion.
b) The first such internal
audit report shall be submitted to the Director of Accounting of the Commission on
or before December 1, 1998. Succeeding audit reports shall be submitted to the
Director of Accounting of the Commission on or before December 1 of each succeeding
even numbered year.
Notes
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