Which order is associated with the approval of CIP audits, often referred to as 706 audits?

FERC Order 706 is specifically associated with the approval of CIP audits, commonly referred to as 706 audits. This order outlines requirements and provides the framework for conducting compliance audits related to the NERC Critical Infrastructure Protection standards. The emphasis on these audits is critical as they help ensure that entities within the electric sector adhere to the established security protocols designed to safeguard the Bulk Electric System.

The designation of "706 audits" comes directly from this order, indicating its central role in the compliance process. This order not only mandates the framework for audits but also delineates the expectation for periodic reviews of how well utilities implement the CIP standards. Such audits are essential in maintaining security and resilience against potential threats to the infrastructure.

Other orders mentioned, while they may address various aspects of regulation and compliance within the electric sector, do not specifically relate to the approval and framework for CIP audits. Therefore, FERC Order 706 stands out as the correct choice in this context.