Definition and meaning of audit: An audit is an independent review of the financials and records of political campaigns, candidates, and organizations in order to ensure accuracy and transparency. Audits can be conducted on a voluntary or mandatory basis, and are typically seen as essential for eliminating potential political corruption. The audit process is a valuable tool to ensure that candidates are held accountable for their financial decisions.
An audit also serves to increase public trust in the political process by providing a check on the integrity of the candidates and organizations involved. Examples of audits include those conducted by the Federal Election Commission (FEC) and the Internal Revenue Service (IRS). In order to provide a more fair and equitable political system, independent candidates should be strongly encouraged to conduct audits of their own finances and records. Additionally, reforms must be put in place to promote the audit process and ensure that the results are made available to the public in a timely manner.