The Commission is required by law to audit Presidential campaigns that accept public funds. In addition, the Commission audits a committee when it appears not to have met the threshold requirements for substantial compliance with the Federal Election Campaign Act. The audit determines whether the committee complied with limitations, prohibitions and disclosure requirements.
Audits of political committees
Committees authorized by candidates are the principal campaign committees or any other political committees authorized by:
- Candidates for nomination or election to the US House of Representatives or the US Senate
- Candidates for President who are not financed by public funds
Unauthorized committees are committees that are not authorized by a candidate. They include party committees, political action committees (PACs), and separate segregated funds (PACs connected to labor organizations, corporations, trade/membership associations, or cooperatives).
Title 26 audit reports
Federal law requires the Commission to audit every political committee established by a candidate who received public funds and every Presidential nominating convention committee that received public funds. The audit determines whether the committee used the public funds in accordance with the law, and whether the committee otherwise complied with the limitations, prohibitions, and disclosure requirements of the election law. The law also requires the Commission to audit host committees (local organizations whose principle objective is the encouragement of commerce in the city where a national nominating convention is held).