Audits don't find frauds; at least they rarely do. Audits are tests of the representations of management, and test of internal controls. S-O not withstanding (what a waste of resources, by the way). Now - if an audit is in response to a request for an investigation then they can be quite effective.
As long as expenditures are approved appropriately, and are reported accurately, there will be no issues in the audit.
Most of the complaints I have seen on this Forum have been with how money is spent - not whether management has approved of it or not. Two completely different issues.
I suspect it is highly unlikely that funds have been spent without proper approval. Whether the funds are spent the way the general membership would choose is another matter. But then, it may be that the general membership just doesn't care. At the end of the day (sorry for the cliche') it is management that is responsible. And if they are elected again and again, then that is the ball game.
Somebody, please, point me to the road.
wbcci 9239 (Re-enlisted 2013)