As anticipated, the National Council of Chartered Professional Accountants has released the professional training online platform aimed at Public Auditors. The web classes, organized in 20 sessions of 1 hour each, allows all Public Auditors an easy and free access to current and updated International Standards on Auditing, as well as to the current applicableRead more about Live e-learning platform for Public Auditors[…]
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)[…]
Standard on Auditing (SA) Italia 250B sets forth a series of obligations on auditors to perform periodic audits in order to verify the accuracy of accounting requirements, which also involves the analysis on internal control processes, as well as the correct fulfillment of fiscal and bureaucratic periodic obligations. The article focuses on the requirementsRead more about Periodic audits in Italy: Standard on Auditing (SA) Italia 250B.[…]
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[…]
Following the introduction of the new category of “micro entities”, pursuant to Legislative Decree n. 139/2015, financial statements referred to companies falling into this category may be significantly simplified. The possibility of not having to draw up the Notes to the financial statements, which represents by far the most innovative change in our legislation, hasRead more about Issues and opportunites on the new financial statements for micro entities[…]
Interesting legal examination of the judicial consequences on the correct qualification of contractual relationship between Companies and its Directors. Full article, available in Italian, here. Credits to Viola D’Angelo, Corporate and Litigation Associate at De Berti – Jacchia Law Firm
Very interesting class at the Faculty of Economics at the University of Urbino, where we discussed major convergence processes of domestic accounting standards (ITA GAAPs) with international accounting standards (IAS/IFRS). Always fascinating to come back to Urbino, place of good memories for me. Locandina_Seminario_D_Angelo
Pursuant to Legislative Decree n. 139/2015, a new category of Company has been introduced in our legislative system. Check out my recent article on the implication and changes on the financial statements legal framework. Direct link (in Italian): Financial statements of micro entities
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[…]
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[…]