Canon 2015 Annual Report Download - page 88

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CANON ANNUAL REPORT 2015
86
The Board of Directors and Shareholders of
Canon Inc.
We have audited the accompanying consolidated balance sheets of Canon Inc. and subsidiaries as of December 31, 2015 and 2014, and
the related consolidated statements of income, comprehensive income, equity, and cash flows for each of the three years in the period
ended December 31, 2015. Our audits also included the schedule of valuation and qualifying accounts (the “schedule”). These financial
statements and schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on these finan-
cial statements and schedule based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free
of material misstatement. 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
evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of
Canon Inc. and subsidiaries at December 31, 2015 and 2014, and the consolidated results of their operations and their cash flows for
each of the three years in the period ended December 31, 2015, in conformity with U.S. generally accepted accounting principles. Also,
in our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken as a whole,
presents fairly in all material respects the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Canon Inc.
and subsidiaries’ internal control over financial reporting as of December 31, 2015, based on criteria established in Internal Control—
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our
report dated March 30, 2016 expressed an unqualified opinion thereon.
March 30, 2016
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM