Topic:"Accounting Standards" in M12412

17 Table 6: FTE Positions under the Administration Salaries and Wages Cost Category Positions Description Accounting Specialist This role manages and reports the NSIESO's financial information, ensuring accuracy and compliance with account...

AI summary This section of the document outlines three key positions under the Administration Salaries and Wages Cost Category: Accounting Specialist, Legal Counsel, and Government & Stakeholder Engagement Specialist, detailing their roles and responsibilities within the NSIESO.

Request IR - 31 - Reference: Exhibit B-2 (page 28 of 36, line 1, Table 14 & lines 9-11)…"External Financial - Audit: These costs are for services for external financial auditors, which have been estimated - based on quotations from account...

AI summary The document requests copies of quotes from accounting firms that were used to estimate the $0.04 million External Financial Audit fee, which is part of the costs for services provided by external financial auditors.

- 4 Figure 1 Summary of findings, observations and conclusions # Section title Findings, observations, and conclusions • At the time of this report, the NSIESO has not yet developed accounting policies. It is recommended that the NSIESO pr...

AI summary The NSIESO has not yet developed accounting policies, which could lead to misrepresentation of periodic deferral amounts. It is recommended that the NSIESO prioritize the development of these policies to ensure compliance with accounting standards before the recovery of Net Ongoing OM&A amounts in the April 2027 test year application.

Appendix C – Documents referenced Number corresponding to footnote Document 17 Alberta Electric System Operator – Deferral Account Reconciliation Methodology - Deferral Account Reconciliation Methodology. Accessed October 17th, 2025. 18 Al...

AI summary This appendix lists documents referenced in the proceeding, primarily related to deferral account reconciliation methodologies and regulatory accounting standards, including those from the Alberta Electric System Operator, EY, and the International Financial Reporting Standards.

Response – IR-3: - (a) What we consider "significant" is determined on a situational basis and can be dependent on both the nature and numerical magnitude of the expense. There is no universal numeric threshold for significance, and it is...

AI summary The response to IR-3 explains that the determination of 'significant' expenses is based on situational factors, professional judgment, and both quantitative and qualitative considerations. It references CAS 230 and highlights that expenses representing a large percentage of total operating costs are considered significant.

Response – IR-6: (a) Assuming the term "DVR" is in reference to the Net OM&A Variance Deferral Account, we do not believe the removal of "net" is necessary because the account itself is still responsible for tracking the net variance betwe...

AI summary The response argues that the term 'net' in the Net OM&A Variance Deferral Account is necessary to reflect net variance tracking. It defines prudence as per the Illinois Commerce Commission, emphasizing reasonable decision-making without hindsight. A prudence review process is outlined, involving application filing, data requests, benchmarking, and regulatory decisions on cost allowance.

incremental costs above approved forecasts.[11](#page-3-0) The Industrial Group submits that this protective mechanism is appropriate and necessary to protect ratepayers from imprudent cost overruns. In its Rebuttal Evidence, IESO-NS gener...

AI summary The Industrial Group supports establishing a Deferral Account for IESO-NS until 2026, aligning with DGT's parameters. They endorse prudency reviews for over-expenditures, annual revenue applications, and US GAAP-aligned accounting. Stakeholder engagement is requested if the account is extended. DGT emphasizes consistent accounting policies.