TAILIEUCHUNG - PUBLIC ISSUANCE OF THE REPORT OF THE AUDIT DIVISION ON KUCINICH FOR PRESIDENT,INC

Frequent and open communication between the audit committee and the auditor is essential for the audit committee to obtain the information it needs to fulfill its responsibilities to oversee the company’s financial reporting processes. The quality of communications also provides opportunities to assess the auditor’s performance. While the auditor should communicate with the audit committee as significant issues arise, the auditor ordinarily should meet with the audit committee on a frequent enough basis to ensure the audit committee has a complete understanding of the stages of the audit cycle (., planning, completion of final procedures, and, if applicable, completion of. | FEDERAL ELECTION COMMISSION WASHINGTON . 20463 March 19 2007 MEMORANDUM TO FROM ROBERT w. BIERSACK PRESS OFFICER PRESS OFFICE JOSEPH F. STOLTZ ASSISTANT STAFF dÍrẾCTOR AUDIT DIVISION SUBJECT PUBLIC ISSUANCE OF THE REPORT OF THE AUDIT DIVISION ON KUCINICH FOR PRESIDENT INC. Attached please find a copy of the final audit report and related documents on Kucinich for President Inc. that was approved by the Commission on March 8 2007. All parties involved have received informational copies of the report and the report may be released to the public. Attachment as stated cc Office of General Counsel Office of Public Disclosure Reports Analysis Division FEC Library Web Manager ỵ Report of the Audit Division on Kucinich for President Inc. February 13 2003 - September 30 2004 Why the Audit Was Done Federal law requires the Commission to audit every political committee established by a candidate who receives public funds for the primary The audit determines whether the candidate was entitled to all of the matching funds received whether the campaign used the matching funds in accordance with the law whether the candidate is entitled to additional matching funds and whether the campaign otherwise complied with the limitations prohibitions and disclosure requirements of the election law. Future Action The Commission may initiate an enforcement action at a later time with respect to any of the matters discussed in this report. About the Committee p. 2 Kucinich for President Inc. KFP is the principal campaign committee for Congressman Dennis J. Kucinich a candidate for the Democratic Party s nomination for the office of President of the United States. KFP is headquartered in Columbus OH. For more information see the chart on Campaign Organization . Financial Activity p. 3 Receipts o Contributions from Individuals 8 015 122 o Matching Funds Received 2 955 963 o Contributions from Political Committees 16 015 o Loans Received 1 507 000 o All Other Receipts 226 076 o

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