In a statement given to Roll Call, Katie Hogan, deputy press secretary for the president’s re-election campaign, called the audit a “review” saying, “The FEC is conducting a routine review – as is true with the McCain campaign, the Romney campaign and many others – to determine if they have any questions with the information reported.”
politicalticker.blogs.cnn.com...
It appears that many of the 2008 contenders are currently under "routine review". I don't know that I would go as far as to say there is "smoke" here, let alone fire. However, it will be interesting to see what comes of this.

