Description:

Regulators of utility companies are looking to management analysis as a way to disclose opportunities to reduce operating costs of utilities through better management and more efficient operations. It is now common for members of NARUC to engage outside consultants to perform management analysis of companies under their jurisdiction. This reliance on consulting firms has enhanced the need for standards to guide consulting firms and allow others to rely on their work. Standards help ensure that audits are fair, objective, and reliable assessments of performance.