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Explanation of CFB's risk-based approach to campaign audits

1:24:10

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39 sec

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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.

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