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International Standards on Auditing: e-learning platform implemented by CNDCEC (Chartered Accountants National Counsil)

International Standards on Auditing: e-learning platform implemented by CNDCEC (Chartered Accountants National Counsil)

  The Chartered Accountants National Counsil has recently issued a newsletter that cointains the most significant requirements, set forth by the current legislation (Art. 5 of Legislative Decree 39/2010), in terms of professional training with reference to standards on auditing. In order to allow all Chartered Accountants to comply with the above mentioned legislation andRead more about International Standards on Auditing: e-learning platform implemented by CNDCEC (Chartered Accountants National Counsil)[…]

Quality controls on audit engagements

Quality controls on audit engagements

  The National Counsel of Chartered Professional Accountant has set up a special working group that will be fully dedicated to providing specific guidelines on the matter of quality controls on audit engagements. Following the introduction of Legislative Decree 135/2016 that has modified Legislative Decree 39/2010, auditors are required to apply specific and stringent standardsRead more about Quality controls on audit engagements[…]

NEW DOMESTIC ACCOUNTING STANDARD OIC 9: IMPAIRMENT OF ASSETS

NEW DOMESTIC ACCOUNTING STANDARD OIC 9: IMPAIRMENT OF ASSETS

The Italian accounting standards setter (OIC) has released the official new version of OIC 9 dedicated to the impairment of assets. The new standard fully embraces the concept and definition of “fair value” as used in the IFRS discipline, as required by the new changes in the domestic Civil Code which specifically refers to theRead more about NEW DOMESTIC ACCOUNTING STANDARD OIC 9: IMPAIRMENT OF ASSETS[…]

New domestic accounting standard OIC 32 on Derivatives

New domestic accounting standard OIC 32 on Derivatives

The Italian accounting standards setter (OIC) has finally released the official version of a new accounting standard completely dedicated to Derivatives. Following the introduction of Legislative Decree n. 139/2015 into our legislation, it has become mandatory for all entities except those classified as micro, to recognize a financial asset or liability deriving from derivatives inRead more about New domestic accounting standard OIC 32 on Derivatives[…]

New domestic accounting standard OIC 10: “Cash Flow Statement”

New domestic accounting standard OIC 10: “Cash Flow Statement”

The Italian accounting standards setter (OIC) has released the official new version of OIC 10 dedicated to Cash flow statement. The new changes, deriving from the introduction of Legislative Decree n. 139/2015 into our legislation, aim to allign the discipline of cash flow statement to the new legal requirements (for all entities except those classifiedRead more about New domestic accounting standard OIC 10: “Cash Flow Statement”[…]

Proposed amendments to OIC standard n. 9 “Impairment of assets”, OIC standard n. 17 “Consolidated financial statements and equity method”, OIC standard n. 23 “Construction contracts”, OIC standard n. 25 “Taxes” and OIC standard n. 26 “The effect of changes in foreign exchange rates”

Proposed amendments to OIC standard n. 9 “Impairment of assets”, OIC standard n. 17 “Consolidated financial statements and equity method”, OIC standard n. 23 “Construction contracts”, OIC standard n. 25 “Taxes” and OIC standard n. 26 “The effect of changes in foreign exchange rates”

Following the introduction of Legislative Decree n. 139/2015, the framework of the financial statements drown up according to the requirements set forth by the Civil Code has been significantly modified. The entire set of domestic accounting standards has therefore undergone a deep review and revision in order to comply with new legislative requirements. The OICRead more about Proposed amendments to OIC standard n. 9 “Impairment of assets”, OIC standard n. 17 “Consolidated financial statements and equity method”, OIC standard n. 23 “Construction contracts”, OIC standard n. 25 “Taxes” and OIC standard n. 26 “The effect of changes in foreign exchange rates”[…]

Proposed amendments to OIC standard n. 12 “Financial statements framework”, OIC standard n. 13 “Stock” and OIC standard n. 28 “Equity”

Proposed amendments to OIC standard n. 12 “Financial statements framework”, OIC standard n. 13 “Stock” and OIC standard n. 28 “Equity”

Following the introduction of Legislative Decree n. 139/2015, the framework of the financial statements drown up according to the requirements set forth by the Civil Code has been significantly modified. The entire set of domestic accounting standards has therefore undergone a deep review and revision in order to comply with new legislative requirements. The OICRead more about Proposed amendments to OIC standard n. 12 “Financial statements framework”, OIC standard n. 13 “Stock” and OIC standard n. 28 “Equity”[…]

Proposed amendments to OIC standard n. 31 “Provisions”

Proposed amendments to OIC standard n. 31 “Provisions”

Following the introduction of Legislative Decree n. 139/2015, the framework of the financial statements drown up according to the requirements set forth by the Civil Code has been significantly modified. The entire set of domestic accounting standards has therefore undergone a deep review and revision in order to comply with new legislative requirements. The OICRead more about Proposed amendments to OIC standard n. 31 “Provisions”[…]

Proposed amendments to OIC standard n. 24 “Intangibles”

Proposed amendments to OIC standard n. 24 “Intangibles”

Following the introduction of Legislative Decree n. 139/2015, the framework of the financial statements drown up according to the requirements set forth by the Civil Code has been significantly modified. The entire set of domestic accounting standards has therefore undergone a deep review and revision in order to comply with new legislative requirements. The OICRead more about Proposed amendments to OIC standard n. 24 “Intangibles”[…]

Proposed amendments to OIC standard n. 29 “Accounting Policies, Changes in Accounting Estimates and Errors”

Proposed amendments to OIC standard n. 29 “Accounting Policies, Changes in Accounting Estimates and Errors”

Following the introduction of Legislative Decree n. 139/2015, the framework of the financial statements drown up according to the requirements set forth by the Civil Code has been significantly modified. The entire set of domestic accounting standards has therefore undergone a deep review and revision in order to comply with new legislative requirements. The OICRead more about Proposed amendments to OIC standard n. 29 “Accounting Policies, Changes in Accounting Estimates and Errors”[…]