476.75 - AUDITS REQUIRED.

        476.75  AUDITS REQUIRED.         The board may periodically retain a nationally or regionally      recognized independent auditing firm to conduct an audit of the      transactions between a public utility and its affiliates.  An      affiliate transaction audit shall not be conducted more frequently      than every three years, unless ordered by the board for good cause.      The cost of the audit shall be paid by the public utility to the      independent auditing firm and shall be included in its regulated      rates and charges, unless otherwise ordered by the board for good      cause after providing the public utility the opportunity for a      hearing on the board's decision.  
         Section History: Recent Form
         89 Acts, ch 103, § 6