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Audit Rewrite
Resources about Changes to the IRP Audit Process


Changes took place in the IRP audit process effective July 1, 2013.



Background Provided Prior to Ballot Passage

Ballot 371 Audit Rewrite passed on Sep. 20, 2011.

There were two main concepts this committee wanted to emphasize in the updated APM. First, the last few years have seen a shift in the auditing profession as a whole from rules based auditing to principal based auditing. The second concept is a fundamental shift in the understanding of the words "must” and "should.” In the current and prior versions of the APM anything that was a "should” was considered to be optional by many auditors and jurisdictions and therefore not peer reviewable.

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