Abstract
AbstractThe North American Electric Reliability Corporation (NERC) recently issued a report of its findings after analyzing the auditing procedures of its eight regional entities, related to the disturbance event reporting standards: CIP‐001‐2a, EOP‐004‐1, and EOP‐004‐2. While an auditor must perform the due diligence necessary to have a reasonable assurance that a responsible entity (an entity responsible for compliance with a particular reliability standard) is in compliance with a standard, inevitably different compliance auditing practices are used across the eight regions. Such inconsistency could lead to different results.
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