Modified accrual method required for self-employed?

[Belgarath]

We have someone asserting that for self-employed, the 5500 MUST be prepared using the modified accrual method. But no one can find any guidance or instruction that says this. Has anyone ever heard this, or have a reason why someone would think this? I've checked 5500 instructions going back years and years, and can find no such requirement. Thanks.

[Earl]

you got it backwards.... let them show you where it says that

[Belgarath]

Yeah, I'd about reached that point. It's just that after being in this business long enough, I'm always willing to consider that I'm wrong on something I think I know - hence I try to investigate first! Thanks.