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Qualified Plans Should Not Hope to Get a Qualified Audit Opinion
Belfint Lyons & Shuman, CPAs Link to more items from this source
May 21, 2014
"New accounting pronouncements have changed the phraseology used to indicate the plan's financial statements are not materially misstated from 'unqualified opinion' to 'unmodified opinion.' Unfortunately, they did not take the extra step to rename the 'qualified opinion' as a 'modified opinion,' so the changes only eliminated half the problem."

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