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A careful reading of an unmodified opinion audit report indicates several important phrases. Explain why each of the following phrases or clauses is used rather

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A careful reading of an unmodified opinion audit report indicates several important phrases. Explain why each of the following phrases or clauses is used rather than the alternative provided: a. "The accompanying financial statements present fairly, in all material respects, the financial position" rather than "The financial statements mentioned above are correctly stated." implies absolute accuracy, whereas the alternative report states that exist. A careful reading of an unmodified opinion audit report indicates several important phrases. Explain why each of the following phrases or clauses is used rather than the alternative provided: a. "The accompanying financial statements present fairly, in all material respects, the financial position" rather than "The financial statements mentioned above are correctly stated

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