Page 444 - Auditing Standards

As of December 15, 2017

AS 2810: Evaluating Audit Results

Effective Date: For audits of fiscal years beginning on or after Dec. 15, 2010

Final Rule: PCAOB Release No. 2010-004
Guidance on AS 2810: Staff Audit Practice Alerts No. 8, No. 9, No. 12, No. 13, and No. 15

Summary Table of Contents

.01 Introduction

.02 Objective

.03 Evaluating the Results of the Audit of Financial Statements

.37 Evaluating the Results of the Audit of Internal Control Over Financial Reporting

Appendix A - Definitions

Appendix B - Qualitative Factors Related to the Evaluation of the Materiality of Uncorrected Misstatements

Appendix C - Matters That Might Affect the Assessment of Fraud Risks

Introduction

.01 This standard establishes requirements regarding the auditor's evaluation of audit results and
determination of whether he or she has obtained sufficient appropriate audit evidence.

Objective

.02 The objective of the auditor is to evaluate the results of the audit to determine whether the audit
evidence obtained is sufficient and appropriate to support the opinion to be expressed in the auditor's report.

Evaluating the Results of the Audit of Financial Statements

.03 In forming an opinion on whether the financial statements are presented fairly, in all material respects,

in conformity with the applicable financial reporting framework, the auditor should take into account all
relevant audit evidence, regardless of whether it appears to corroborate or to contradict the assertions in the

441