Audited Financials prepared by Independent Accountant with an Audit Oversight Committee:

Audited financial statements provide important information about financial accountability and accuracy. They should be prepared by an independent accountant with oversight from an audit committee. (It is not necessary that the audit committee be a separate committee. Often at smaller charities it falls within the responsibilities of the finance committee or the executive committee.) The committee provides an important oversight layer between the management of the organization, which is responsible for the financial information reported, and the independent accountant, who reviews the financials and issues an opinion based on its findings. We check the charity's Form 990 reporting to see if it meets this criteria. In the future we also intend to review whether or not the charity has received an unqualified opinion from the auditor.

This metric will be assigned to one of the following categories: