Quote:
Originally Posted by anamardoll
Remember when books used to say "if you bought this book without a cover, that bookstore is running A SCAM!!" *nostalgia* 
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Actually, the publisher's ebook of one of my novels still had that "stripped book" warning at the beginning --

-- until I pointed out to them that perhaps it could be removed.
Audits rarely happen -- and when they do, it's usually when a writers' organization such as SFWA conducts one as a test case to see if a publisher's accounts are generally honest. Sometimes those audits lead to cash payments to writers. But mostly, the system is "Trust, but have the right to verify."
As for results from the Amazon program, I haven't joined, but have heard some other writers' preliminary results. A few of them reported an immediate jump in sales of the book(s) being offered on loan. A few others reported no particular change.
My guess is, it works better for the writers who are already selling well. Sort of like paid advertising.