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Toyota Global Vision President’s Message Launching a New Structure Special Feature Review of Operations
Consolidated Performance
Highlights
Management and
Corporate Information Investor InformationFinancial Section
Page 123
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ContentsSearchPrint
ANNUAL REPORT 2013
Report of Independent Registered Public Accounting Firm
In our opinion, the accompanying consolidated
balance sheets and the related consolidated
statements of income, comprehensive income,
shareholders’ equity and cash fl ows present fairly, in
all material respects, the fi nancial position of Toyota
Motor Corporation and its subsidiaries at March 31,
2012 and 2013, and the results of their operations
and their cash fl ows for each of the three years in
the period ended March 31, 2013 in conformity with
accounting principles generally accepted in the
United States of America. Also in our opinion, the
Company maintained, in all material respects,
effective internal control over fi nancial reporting as
of March 31, 2013, based on criteria established in
Internal Control - Integrated Framework (1992)
issued by the Committee of Sponsoring
Organizations of the Treadway Commission
(COSO). The Company's management is
responsible for these fi nancial statements, for
maintaining effective internal control over fi nancial
reporting and for its assessment of the effectiveness
of internal control over fi nancial reporting, included
in the accompanying Management's Annual Report
on Internal Control Over Financial Reporting. Our
included performing such other procedures as we
considered necessary in the circumstances. We
believe that our audits provide a reasonable basis
for our opinions.
A company’s internal control over fi nancial
reporting is a process designed to provide
reasonable assurance regarding the reliability of
fi nancial reporting and the preparation of fi nancial
statements for external purposes in accordance
with generally accepted accounting principles. A
company’s internal control over fi nancial reporting
includes those policies and procedures that (i)
pertain to the maintenance of records that, in
reasonable detail, accurately and fairly refl ect the
transactions and dispositions of the assets of the
company; (ii) provide reasonable assurance that
transactions are recorded as necessary to permit
preparation of fi nancial statements in accordance
with generally accepted accounting principles, and
that receipts and expenditures of the company are
being made only in accordance with authorizations
of management and directors of the company; and
(iii) provide reasonable assurance regarding
prevention or timely detection of unauthorized
acquisition, use, or disposition of the company’s
assets that could have a material effect on the
fi nancial statements.
Because of its inherent limitations, internal control
over fi nancial reporting may not prevent or detect
misstatements. Also, projections of any evaluation
of effectiveness to future periods are subject to the
risk that controls may become inadequate because
of changes in conditions, or that the degree of
compliance with the policies or procedures may
deteriorate.
Nagoya, Japan
June 24, 2013
responsibility is to express opinions on these
fi nancial statements and on the Company's internal
control over fi nancial reporting based on our
integrated 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 audits to obtain reasonable assurance
about whether the fi nancial statements are free of
material misstatement and whether effective internal
control over fi nancial reporting was maintained in all
material respects. Our audits of the fi nancial
statements included examining, on a test basis,
evidence supporting the amounts and disclosures in
the fi nancial statements, assessing the accounting
principles used and signifi cant estimates made by
management, and evaluating the overall fi nancial
statement presentation. Our audit of internal control
over fi nancial reporting included obtaining an
understanding of internal control over fi nancial
reporting, assessing the risk that a material
weakness exists, and testing and evaluating the
design and operating effectiveness of internal
control based on the assessed risk. Our audits also
To the Shareholders and Board of Directors of Toyota Jidosha Kabushiki Kaisha
(“Toyota Motor Corporation”)
Selected Financial Summary (U.S. GAAP) Consolidated Segment Information Consolidated Quarterly Financial Summary Management’s Discussion and Analysis of Financial Condition and Results of Operations Consolidated Financial Statements Notes to Consolidated Financial Statements
Management’s Annual Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm