April 2023
Intermediate to advanced
1056 pages
34h 59m
English
AU-C 810 addresses the auditor's responsibilities when reporting separately on summary financial statements derived from financial statements audited by that same auditor. An auditor cannot report on summary financial statements unless the auditor has audited the financial statements from which the summary financial statements are derived. (AU-C 810.01)
Source: AU-C 810.06. For definitions related to this standard, see Appendix A, “Definitions of Terms”: Applied criteria, Summary financial statements.
AU-C 810.05 states that:
… the objectives of the auditor are
- to determine whether it is appropriate to accept the engagement to report on summary financial statements and,
- if engaged to report on summary financial statements, to
- perform the procedures necessary as the basis for the auditor's opinion on the summary financial statements;
- form an opinion on whether the summary financial statements are consistent, in all material respects, with the audited financial statements from which ...