(Mutual Consideration by External Auditors and Audit Commissioners in the Execution of the Audit)
Article 252-30.
External auditors (meaning comprehensive external auditors and individual external auditors; the same to apply throughout this chapter) shall keep in touch with the audit commissioners when undertaking the audit (eg., by giving them notification of the same), and shall take care not to obstruct the execution of the audit by the audit commissioners.
2.
The audit commissioners shall take care not to obstruct the execution of the audit by the external auditors when undertaking the audit.
(Duties of External Auditors in the Execution of the Audit)
Article 252-31.
It shall be the duty of an external auditor to carry out the audit in good faith, in keeping with the spirit of the external audit contract, and with the care of a conscientious administrator.
2.
In the execution of the external audit contract, an external auditor shall at all times maintain an impartial and independent manner, and shall execute the audit on his or her own judgement and responsibility.
3.
An external auditor shall not disclose to any third party any information that has become known to him or her in connection with the audit. This obligation shall continue in force even after the person has ceased to be an external auditor.
4.
A person in violation of the stipulations of the preceding paragraph shall be subject to imprisonment for a period not exceeding two years or a fine not exceeding 1,000,000 yen.
5.
With regard to the application of Criminal Law (Law No.45, 1907) or other penal regulations, external auditors shall be deemed staff engaged in public service in accordance with laws and regulations.
