Sharp 2010 Annual Report Download - page 65

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To the Board of Directors of Sharp Corporation:
We have audited the accompanying consolidated balance sheets of Sharp Corporation and consolidated subsidiaries as of
March 31, 2010 and 2009, and the related consolidated statements of operations, changes in net assets and cash flows for
the years then ended, expressed in Japanese yen. These consolidated financial statements are the responsibility of the
Company’s management. Our responsibility is to independently express an opinion on these consolidated financial state-
ments 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 finan-
cial statements. An audit also includes assessing the accounting principles used and significant estimates made by manage-
ment, 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 consolidated financial statements referred to above present fairly, in all material respects, the consoli-
dated financial position of Sharp Corporation and subsidiaries as of March 31, 2010 and 2009, 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.
Without qualifying our opinion, we draw attention to the following:
As discussed in Note 1. (m) (1) to the consolidated financial statements, effective for the year ended March 31, 2009,
Sharp Corporation and its domestic consolidated subsidiaries have applied the “Accounting Standard for Measurement
of Inventories”.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March 31,
2010 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) to the consolidated
financial statements.
Osaka, Japan
June 23, 2010
Independent Auditors’ Report
Financial Section
Annual Report 2010 63