A careful reading of an unqualified report indicates several important phrases. Explain why each of the following phrases or clauses is used rather than the alternative provided:

a . "The financial statements referred to above present fairly, in all material respects, the financial position" rather than "The financial statements mentioned above are correctly stated."

b . "In conformity with accounting principles generally accepted in the United States of America" rather than "are properly stated to represent the true economic conditions."

c . "In our opinion, the financial statements present fairly" rather than "The financial statements present fairly."

d . "Brown & Phillips, CPAs (firm name)," rather than "James E. Brown, CPA (individual partner's name)."

e . "We conducted our audit in accordance with auditing standards generally accepted in the United States of America" rather than "Our audit was performed to detect material misstatements in the financial statements."