Only a week after he overcame one legal obstacle, Mayor Rob Ford has a second battle simmering on the stove.

An audit of Ford's campaign expenses has been released, and the findings show that the mayor overspent during his 2010 campaign, by more than 3%.

The report shows Ford spent an additional $40, 168, incurred $5800 in expenses before he filed his nomination papers, and recieved more than $6000 in corporate donations, which is illegal under the Act.

A three-person panel will now analyze the violations under the Municipal Elections Act and may bring in a special prosecutor.'

Penalties include everything from a fine, to removal from office and being barred from running in an election.

The forensic audit can be found here. (note size of article: 6+ mb)

A statement was released late this afternoon, by the two men who filed the original complaint:

Today the audit of Rob Ford's election campaign finances was released. The audit revealed more than 100 apparent contraventions of the Municipal Elections Act, including the finding that Ford spent more than $40,000 above his legal spending limit.  Additionally, the auditors found that Ford, in apparent contravention of election laws, accepted corporate donations, received a loan from Ford's family company (Doug Ford Holding Inc), and began spending money before the campaign was legally permitted. 

Based on the extraordinary number and severity of the apparent contraventions of election law by Rob Ford, the applicants will be requesting the Compliance Audit Committee proceed with prosecution in a timely manner.