The following information is taken from the CPA audit available at the Archdiocese’s website: http://www.archmil.org/ArchMil/Resources/FIN/ArchdioceseFY2010FS.pdf
YES—The cover letter to the Archbishop stated quite clearly in the last paragraph—…“due to uncertainties with the lawsuit, it is at least reasonably possible that management’s view of the outcome will change in the near future.” That paragraph refers the reader to Note #8 which is below.
Click on the photocopy to enlarge:
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