The phrase 'generally accepted accounting principles' can be found in the auditor's responsibility paragraph of a standard unmodified report.

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The phrase 'generally accepted accounting principles' is typically found in the management's responsibility section of an auditor's report, indicating that management is responsible for preparing the financial statements in accordance with these principles, not in the auditor's responsibility paragraph. The auditor's responsibility paragraph usually discusses the auditor's responsibility to conduct the audit in accordance with generally accepted auditing standards.

The Phrase 'Generally Accepted Accounting Principles' Can Be Found in the Auditor's