Sun Life 2015 Annual Report Download - page 168

Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of
Sun Life Financial Inc.
We have audited the accompanying consolidated financial statements of Sun Life Financial Inc. and subsidiaries (the “Company”),
which comprise the consolidated statements of financial position as at December 31, 2015 and December 31, 2014, and the
consolidated statements of operations, consolidated statements of comprehensive income (loss), consolidated statements of changes
in equity, and consolidated statements of cash flows for each of the years in the two-year period ended December 31, 2015, and a
summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with
International Financial Reporting Standards as issued by the International Accounting Standards Board, and for such internal control as
management determines is necessary to enable the preparation of consolidated financial statements that are free from material
misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in
accordance with Canadian generally accepted auditing standards and the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement
of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal
control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies
used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the
consolidated financial statements.
We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of Sun Life Financial
Inc. and subsidiaries as at December 31, 2015 and December 31, 2014 and their financial performance and their cash flows for each of
the years in the two-year period ended December 31, 2015 in accordance with International Financial Reporting Standards as issued
by the International Accounting Standards Board.
Other Matter
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the
Company’s internal control over financial reporting as of December 31, 2015, based on the criteria established in Internal
Control –Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our
report dated February 10, 2016 expressed an unqualified opinion on the Company’s internal control over financial reporting.
Chartered Professional Accountants
Licensed Public Accountants
February 10, 2016
166 Sun Life Financial Inc. Annual Report 2015 Report of Independent Registered Public Accounting Firm