Audit Red Flags
NEWCharity annual report text searched for audit opinion red flags. The presence of these terms indicates the auditor raised a concern in their report. Cross-referenced with CharityData ratings to identify patterns.
Flagged Charities (0)
Analysis Summary
Flagged Charities with Low Ratings
0 of 0 flagged charities (0%)
have D or F ratings, suggesting audit concerns may correlate with broader governance or financial issues.
Sectors with Most Audit Flags
No sector data available.
Based on available data, 0unique charities appear to have at least one audit-related flag in their filed annual reports. These flags suggest the auditor raised a concern, but the presence of a keyword does not confirm material issues. Some terms such as "qualified opinion" or "emphasis of matter" may appear in reports for routine matters. We recommend reading the full audit report before drawing conclusions about any specific charity.
Methodology
What each audit opinion type means
- Adverse Opinion — The auditor concluded that the financial statements are materially misstated and do not present a true and fair view. This is the most serious finding an auditor can issue.
- Disclaimer of Opinion — The auditor was unable to obtain sufficient evidence to form an opinion on the financial statements. This may indicate significant limitations on the audit scope.
- Qualified Opinion — The auditor found material issues in specific areas, but the overall financial statements are otherwise fairly presented. Often relates to particular line items or disclosures.
- Emphasis of Matter— The auditor wants to draw the reader's attention to a particular matter disclosed in the financial statements. This does not modify the opinion itself but highlights something the auditor considers important.
- Going Concern Uncertainty — The auditor identified material uncertainty about whether the charity can continue operating for the foreseeable future (typically 12 months). This is a significant warning about financial viability.
- Non-Compliance — The auditor noted potential non-compliance with laws, regulations, or reporting standards. The nature and severity varies — it may relate to technical reporting requirements or more substantive matters.
How this analysis works
We search the full extracted text of 8,090 charity annual reports for specific phrases that indicate audit opinion modifications or flags. This is keyword matching on document text — it identifies documents where the auditor used these specific phrases, which typically appear only when the auditor is raising a genuine concern.
Important: The presence of these terms indicates the auditor raised a concern, but context matters. Always read the full audit report before drawing conclusions. Some flags may relate to prior-year issues that have since been resolved, or to matters that are standard in certain sectors.
Data source: Annual reports filed with Charities Services register. Text extracted via OCR/PDF processing. Coverage: 8,090 documents with extracted text.
Data sourced from Annual reports filed with Charities Services register. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@charitydata.co.nz.
For informational purposes only. Not investment advice.