Amendment of Auditing Standards Committee Statements No.35 "The Auditor's Responsibility to Consider Fraud in an Audit of Financial Statements" and No.11 "Illegal Acts"
April 21, 2008
In response to the new requirements for auditors when they discover fraudulent conduct under the Financial Instruments and Exchange Act, the JICPA Auditing Standards Committee revised its statements No. 35 "The Auditor's Responsibility to Consider Fraud in an Audit of Financial Statements", and No.11 "Illegal Acts" . These statements are effective for audits of financial statements for periods beginning on or after April 1, 2008.