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Serie A soccer clubs: empirical analysis on the financial statements

Serie A soccer clubs: empirical analysis on the financial statements

Soccer is not only the most relevant sport industry within the Italian society but also a significant business activity which produced an annual turnover of approximately € 6 Bln. Soccer companies need to comply with specific financial reporting guidelines provided for by the FIGC. In the present contribution we aim at analyzing the most significantRead more about Serie A soccer clubs: empirical analysis on the financial statements[…]

2020 Financial Statements: overall analysis and default probability rate

2020 Financial Statements: overall analysis and default probability rate

The analysis provides an insight on the 2020 financial statements results of Italian companies, in order to comment on the economic effects of the pandemic and estimate the default probability rate given the new and extraordinary circumstances the world economies are facing. Special credits to Fabrizio Negri, CEO of Cerved Rating Agency and co-author ofRead more about 2020 Financial Statements: overall analysis and default probability rate[…]

Audit of 2021 financial statements: it’s time to plan!

Audit of 2021 financial statements: it’s time to plan!

The planning phase represents a vital part of the audit process when the auditor needs to detect and assess the risks of material misstatements. The financial statements of the year 2021 will still show consequences and implications of the economic effects of the pandemic, partially balanced by extraordinary legislative measures implemented by the Government. SpecialRead more about Audit of 2021 financial statements: it’s time to plan![…]