Toshiba 2007 Annual Report Download - page 113

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47
46
Report of Independent Auditors
The Board of Directors and Shareholders of
Toshiba Corporation
We have audited the accompanying consolidated balance sheets of Toshiba Corporation and subsidiaries (the
“Company”) as of March 31, 2007 and 2006, and the related consolidated statements of income, shareholders’ equi-
ty, and cash flows for the years then ended, all expressed in Japanese yen. These financial statements are the respon-
sibility 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 the United States. Those stan-
dards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. We were not engaged to perform an audit of the Company’s internal control over
financial reporting. Our audits included consideration of internal control over financial reporting as a basis for design-
ing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An
audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial state-
ments, assessing the accounting principles used and significant estimates made by management, and evaluating the
overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
The Company’s consolidated financial statements do not disclose segment information required by Statement of
Financial Accounting Standards No. 131, “Disclosures about Segments of an Enterprise and Related Information.”
In our opinion, disclosure of segment information is required by U.S. generally accepted accounting principles.
In our opinion, except for the omission of segment information discussed in the preceding paragraph, the financial
statements referred to above present fairly, in all material respects, the consolidated financial position of Toshiba
Corporation and subsidiaries at March 31, 2007 and 2006, and the consolidated results of their operations and their
cash flows for the years then ended in conformity with U.S. generally accepted accounting principles.
We have also reviewed the translation of the financial statements mentioned above into United States dollars on the
basis described in Note 3. In our opinion, such statements have been translated on such basis.
June 25, 2007