Revision of Audit Committee Statement No.52 "Auditing Treatment in the Application of the Principle of Materiality relating to the Scope of Consolidation and Equity Method"
October 22, 2008
The Auditing and Assurance Practice Committee announced on September 2,2008, the revision of Audit Committee Statement No.52, "Auditing Treatment for the Application of the Principle of Materiality pertaining to the Scope of Consolidation and Equity Method". This revision was made to conform to the Implementation Guidance in determining a subsidiary and an affiliate, which was released on May 13, 2008 by Accounting Standard Board of Japan (ASBJ). Audit Committee Statement No. 60 was incorporated into the Audit Committee Statement No.52 and Audit Committee Statement No.60 was eliminated as a result of it.
This document is available in Japanese only.
This document is available in Japanese only.