$3-23($OBJECTVE $3-1)$ 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 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