Auditing Risks

There is a great story in the NYTimes today about new British rules related to auditing.  Specifically, under the new rules:

Auditors are supposed to comment on the particular risks that companies face and to say what they did to deal with those risks.

They are supposed to discuss how much of the company they actually audited, to disclose what figure they deemed to be the lower limit for materiality [the importance/significance of an amount, transaction, or discrepancy], and to explain how they arrived at that number.

Imagine if we did this in elections!  What if, in every election, we knew the particular risks that were evident in each jurisdiction — based on an audit of the election, processes, and procedures in the jurisdiction — and what the jurisdiction had done to mitigate the risk?  It would provide excellent data on management and allow people to know how well a jurisdiction is working to minimize problems, reduce the possibility of malfeasance, and ensure elections are of the highest quality.