Olympus 2011 Annual Report Download - page 66

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64 OLYMPUS 2011
The Board of Directors
Olympus Corporation
We have audited the accompanying consolidated balance sheets of Olympus Corporation and consolidated subsidiaries as of March 31,
2011 and 2010, and the related consolidated statements of income, changes in net assets, and cash flows for the years then ended and
consolidated statement of comprehensive income for the year ended March 31, 2011, all expressed in yen. These financial statements are
the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our
audits.
We conducted our audits 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 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
Olympus Corporation and consolidated subsidiaries at March 31, 2011 and 2010, and the consolidated results of their operations and their
cash flows for the years then ended in conformity with accounting principles generally accepted in Japan.
The financial statements of Olympus Corporation and its consolidated subsidiaries for the years ended March 31, 2009, was audited by
other auditors whose report dated June 26, 2009, expressed an unqualified opinion on those statements.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March 31, 2011 are
presented solely for convenience. Our audit also included the translation of yen amounts into U.S. dollar amounts and, in our opinion, such
translation has been made on the basis described in Note 1(a).
June 29, 2011
REPORT OF INDEPENDENT AUDITORS