REVIEW OF STATEMENTS AND REPORTS; AUDITS

(a) The commission shall review for facial compliance randomly selected statements and reports filed with the commission and may review any available documents. The commission shall return for resubmission with corrections or additional documentation a statement or report that does not, in the opinion of the commission, comply with the law requiring the statement or report. A statement or report returned for resubmission is considered to have been filed on the date the statement or report was originally filed if: (1) the statement or report is resubmitted to the commission not later than the seventh business day after the date the person filing the statement or report receives the returned statement or report; and (2) the resubmitted statement or report complies with law. (b) The commission may by a vote of at least six commission members initiate a preliminary review as provided by Section 571.124 or perform a complete audit of a statement or report: (1) if, before the 31st day after the date the statement or report was originally due, the executive director does not obtain from the person information that permits the executive director to determine that the statement or report complies with law; (2) if a statement or report returned for resubmission is not resubmitted within the time prescribed by Subsection (a); or (3) on an affirmative vote of at least six commission members that a statement or report resubmitted under Subsection (a), together with any corrections or additional documentation, does not, in the opinion of the commission, comply with the law requiring the statement or report. (c) Any audited statement, report, document, or other material is confidential and may not be disclosed unless the statement, report, document, or other material: (1) was previously public information; or (2) is entered into the record of a formal hearing or a judicial proceeding. (d) The party who is the subject of the audit may waive confidentiality by sending written notice to the commission. (e) The commission may not audit a statement or report filed before January 1, 1992, under a law administered and enforced before that date by the secretary of state. (f) This section may not be construed as limiting or affecting the commission's authority to, on the filing of a motion or receipt of a sworn complaint, review or investigate the sufficiency of a statement or report.