Franchise Tax Board v. Cory

Opinion

PARAS, J.

I

A major purpose of the Political Reform Act of 1974 (hereinafter the Act) 1 is that “Receipts and expenditures in election campaigns should be fully and truthfully disclosed in order that the voters may be fully informed and improper practices may be inhibited.” (Gov. Code, § 81002, subd. (a).) 2 (See Socialist Workers etc. Committee v. Brown (1975) 53 Cal.App.3d 879, 888 and fn. 11 [125 Cal.Rptr. 915].) To carry out this purpose, the Act provides for the Franchise Tax Board to audit the financial reports submitted by candidates for public office. (§§ 90000-90006.) 3 It…