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Revision of Audit Committee Statement No.68 "Auditors'Comfort Letters to Arrangers"

November 30, 2006
The Auditing and Assurance Practice Committee announced the revision of Audit Committee Statement No.68 "Auditors' Comfort Letters to Arrangers" on September 25, 2006. The revision is applicable to letters that are submitted on or after November 1, 2006. This Statement provides guidance on writing an auditor's comfort letter to an arranger that is prepared in connection with the issuance of shares, bonds, bonds with warrants that are newly offered in Japan, or the sale of shares that have already been issued in Japan (hereinafter, "issuance of new securities"). Therefore, this Statement is not applicable to the issuance of new securities outside Japan.
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