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.