The phrase "accounting principles generally accepted in the United States of America" can be found in the auditor's opinion paragraph of a standard unmodified opinion report.

Question

Quizplus · Accepted Answer

The phrase "accounting principles generally accepted in the United States of America" is one of the key components of an unmodified opinion in an auditor's report, indicating that the financial statements being audited have been prepared in accordance with generally accepted accounting principles (GAAP) in the United States.

The Phrase "Accounting Principles Generally Accepted in the United States