The equity section follows is subject to a peculiar accounting framework under the domestic discipline (OIC standards), based on the need to preserve its integrity as required by the Italian Civil Code. It is not only the reporting scheme that needs to be stricly followed, as precise disclosure profiles must be met in order toRead more about Equity section: accounting framework and disclosure profiles[…]

Following the introduction of the offical Register of not-for-profit entities, the overall legislation that will finally come into force will require those entities to appoint a statutory and/or external auditor based on specific thresholds set forth by the law. The first assignments will therefore have to comply with the procedures established by the law and/orRead more about Preliminary activities for auditors in NFP entities[…]

The Financial Statements referred to the year 2020 reflect the consequences of the pandemic that has affected the global economies and businesses. Due to special legislations regarding the 2020 Financial Statements, the Notes have to explain the decisions carried out by the Directors related to depreciation, going concern, recapitalization of losses and other peculiarities introducedRead more about Notes to the 2020 Financial Statements and Covid implications[…]