About FERC 
Division of Audits
Mission
Performs financial and operational audits of industry participants to ensure compliance with the Commission's rules, orders, regulations, and statutes. Maintains a forum to informally resolve disputes and advises the Commission compliance issues.
Functions
- Represents the Commission and explains and advocates its legal and policy positions in meetings with industry, other agencies and the public.
- Participates in development of the Commission's strategic plan and recommends regulatory and statutory changes necessary to carry out the enforcement and compliance process.
- Drafts orders, rulemakings and associated memoranda and advises the Commission on matters pertaining to compliance.
- Participates in the development and the analysis of legislation.
- Plans and performs audits of jurisdictional companies in the electric power, natural gas and oil pipeline industries concentrating on materially relevant issues. Reports the audit findings to both the Commission and the affected companies. Recommends corrective actions in cases of error and suggests preventive measures to avoid problems in the future.
- Updates and documents audit processes. Develops and documents new types of audits that respond to the needs of the Commission, the industry, and jurisdictional companies. Develops policy and criteria for performing audits, including pilot audits when appropriate.
