This is the ninth in a series of 10 blog posts related to the Top 10 Audit Findings of the U.S. Department of Education.

A qualified auditor’s opinion cited in the audit report is one of the top 10 audit findings by the U.S. Department of Education. Serious deficiencies and areas of concern included:

• - R2T4 violations
• - Inadequate accounting systems and/or procedures
• - Lack of internal controls

Receiving anything other than an unmodified (unqualified) opinion is a disturbing experience, but it does occur from time to time. It might help to know you’re not alone. Receiving a modified (qualified) audit opinion offers the opportunity to focus improvement efforts in identified areas of weakness in operations, financial reporting and compliance.