Nissan 2008 Annual Report Download - page 97

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REPORT OF INDEPENDENT AUDITORS
95
Nissan Annual Report 2008
June 20, 2007
The Board of Directors
Nissan Motor Co., Ltd.
Ernst & Young ShinNihon
Designated and Engagement Partner Yasunobu Furukawa
Designated and Engagement Partner Kenji Ota
Designated and Engagement Partner Yoji Murohashi
Designated and Engagement Partner Takeshi Hori
Pursuant to Article 193-2 of the Securities and Exchange Law of Japan, we have audited the consolidated balance sheet, the
consolidated statement of income, the consolidated statement of changes in net assets, the consolidated statement of cash
flows and the consolidated supplemental schedules of Nissan Motor Co., Ltd. included in “Financial Information” for the fiscal
year from April 1, 2006 to March 31, 2007. These consolidated financial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in Japan. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstate-
ment. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and significant estimates made by management, as well as eval-
uating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated
financial position of Nissan Motor Co., Ltd. and consolidated subsidiaries at March 31, 2007 and the consolidated results of their
operations and their cash flows for the year then ended in conformity with accounting principles generally accepted in Japan.
Supplementary Information
(1) As described in “Changes in Accounting Policies,” effective the current fiscal year, the Company adopted a new accounting
standard for presentation of net assets in the balance sheet.
(2) As described in “Changes in Accounting Policies,” effective the current fiscal year, 22 consolidated subsidiaries have been
consolidated by using their financial statements as of the parent’s fiscal year end prepared solely for consolidation purposes
instead of those as of their respective fiscal year end. In addition, 33 consolidated subsidiaries have changed their fiscal year
end to March 31.
We have no interest in the Company that should be disclosed pursuant to the provisions of the Certified Public Accountants Law.