Page 84 - Auditing Standards

As of December 15, 2017

audit evidence to support significant accounting estimates in an audit of financial statements.

24 See paragraph .66 of AS 2401, Consideration of Fraud in a Financial Statement Audit.

25 See AS 2810.30-.31, which describe the auditor's responsibilities related to the evaluation of whether

the financial statements are presented fairly, in all material respects, in conformity with the applicable financial
reporting framework. Other PCAOB standards, such as AS 2410, Related Parties, and AS 2415, Consideration
of an Entity's Ability to Continue as a Going Concern, describe the auditor's responsibilities related to evaluation
of specific disclosures in financial statements.

26 See also Section 10A(k) of the Exchange Act, 15 U.S.C. § 78j-1(k), and Rule 2-07(a)(2) of Regulation

S-X, 17 C.F.R. § 210.2-07(a)(2).

27 See, e.g., AS 2710, Other Information in Documents Containing Audited Financial Statements. In
addition to AS 2710, discussion of the auditor's consideration of other information is included in AS 2701,
Auditing Supplemental Information Accompanying Audited Financial Statements, AS 2705, Required
Supplementary Information, and AS 4101, Responsibilities Regarding Filings Under Federal Securities Statutes.

28 See AS 2415 for the requirements regarding an auditor's responsibility to evaluate whether there is
substantial doubt about a company's ability to continue as a going concern for a reasonable period of time, not
to exceed one year beyond the date of the financial statements being audited. Additionally, AS 2415.03a-c
provide the auditor with an overview of the requirements for evaluating whether there is substantial doubt about
the company's ability to continue as a going concern for a reasonable period of time.

29 See AS 2415.06, which provides examples of such conditions and events and AS 2415.07, which
discusses the auditor's procedures if the auditor believes there is substantial doubt about the company's ability
to continue as a going concern for a reasonable period of time.

30 See AS 2415.08, which discusses the auditor's responsibilities related to the auditor's evaluation of

management's plans.

31 See AS 2415.12, which describes the effects on the auditor's report. See also AS 2415.03c, which
discusses the auditor's evaluation of factors that indicate there is substantial doubt about the company's ability to
continue as a going concern.

32 See AS 2415.10, which discusses the possible effects on the financial statements and the adequacy of
the related disclosure.

33 See AS 2415.12-.16, which discuss the auditor's consideration of the effects on the auditor's report
when the auditor concludes that substantial doubt exists about the company's ability to continue as a going

concern for a reasonable period of time.

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