The utility shall submit annually to the Commission's Manager of the
Accounting Department, no later than June 30 for the previous calendar year, an
internal audit report that determines whether the QIP surcharge and information
provided under the Annual Reconciliation in Section
656.80 have been
calculated in accordance with this Part. The initial internal audit report shall be
submitted no later than June 30 of the year following the effective date of the QIP
surcharge rider. Internal audits conducted under this Part shall determine
whether:
a) Internal controls are
effectively preventing the double recovery of costs through the QIP surcharge and
other approved tariffs;
b) Costs
recovered through the QIP surcharge are recorded in the appropriate
accounts;
c) Costs recovered through the
QIP surcharge are properly reflected in the calculation of the QIP surcharge
percentage and the annual reconciliation;
d) The QIP surcharge percentage and annual
reconciliation properly reflect all applicable adjustments from prior QIP surcharge
reconciliation Orders;
e) The QIP
surcharges are properly calculated; and
f) The QIP surcharge percentage is being properly
billed to customers.
