Q&A
Explanation of CFB's risk-based approach to campaign audits
1:24:10
·
39 sec
Paul Seamus Ryan, Executive Director of the New York City Campaign Finance Board, explains the risk-based approach used for campaign audits. He clarifies that not all campaigns receive the same level of scrutiny.
- Ryan confirms that CFB already employs a risk analysis system for audits
- The degree of scrutiny depends on various factors, including the amount of public funds received
- Campaigns with more 'red flags' receive more scrutiny
- Ryan emphasizes that CFB does not conduct full audits of every campaign
Paul Seamus Ryan
1:24:10
Short answer is we already do what you're describing.
1:24:13
We have a risk analysis system, and the degree of scrutiny on a particular campaign depends on a variety of factors.
1:24:19
Our audit team is constantly evolving and improving that sort of rubric of how they assess risk, but if, you know, campaigns that get a lot of public funds get more scrutiny than campaigns that get very little public funds.
1:24:33
Campaigns that have a lot of red flags for problems get more scrutiny than those.
1:24:36
Okay.
1:24:37
So we have several levels of scrutiny within the audit, including, the least level of scrutiny, which is, very little.
1:24:44
It it would, you know so we aren't doing full audits of every campaign today, and that will continue to be our practice.
