Publications
Publications
Year 2018
OIC 19 – Debt: changes to restructuring operations
AUTHORS: Marco Rescigno
PUBLISHING COMPANY: Gruppo Il Sole 24 Ore - Guida alla Contabilità & Bilancio
DESCRIPTION: The Italian Accounting Body has published a series of Amendments to the Accounting Standards. The experience gained by operators during the first-time application of the Italian Accounting Standards issued by the OIC (Italian Accounting Body) has made it necessary to make some changes and additions, which will be applied to financial statements starting from 1 January 2017. Significant changes were made to OIC 19 - Debts currently integrated with what was previously contained in OIC 6 - Debt restructuring and Disclosure.
Year 2018
Going concern assessment in the statutory audit processes
AUTHORS: Paola Carrara
PUBLISHING COMPANY: Gruppo Il Sole 24 Ore - Guida alla Contabilità & Bilancio (Guide to Accounting and Financial Statements)
DESCRIPTION: ISA Italia auditing standard no. 570 declines the auditor's responsibility in the auditing of the financial statements relating to a going concern assumption, also analysing the disclosure implications. This guide contains an analysis of the contents of the standard, as well as other sources of reference relating to the issue of a going concern assumption.
Year 2017
Technical significance of OIC accounting standards and false financial statements
AUTHORS: Marco Rescigno
PUBLISHING COMPANY: Gruppo Il Sole 24 Ore - Guida alla Contabilità & Bilancio (Guide to Accounting and Financial Statements)
DESCRIPTION: With sentence no. 29885/2017, the Court of Cassation upheld the conviction against an entrepreneur for the crime of improper bankruptcy deriving from false accounting, aligning itself with what was already confirmed in the United Sections (sentence no. 22474/2016) on “false evaluation” and on the technical value that OICs have in the preparation of financial statements.
Year 2017
Independence and methods for conducting the audit
AUTHORS: Paola Carrara
PUBLISHING COMPANY: Gruppo Il Sole 24 Ore - Guida alla Contabilità & Bilancio (Guide to Accounting and Financial Statements)
DESCRIPTION: The objective of this guide is to focus on the changes introduced by Leg. Decree no. 135 of 17/07/2016 on statutory audits, regarding the independence and performance of the audit, with particular reference to entities other than public-interest entities and intermediate regime entities.