Manuale di revisione legale. Logiche e strumenti

Translated title of the contribution: [Autom. eng. transl.] Statutory Audit Manual. Logics and tools

Research output: Book/ReportOther report

Abstract

[Autom. eng. transl.] The matter of the statutory audit has been affected in recent years by profound regulatory changes, by continuous updates of the reference professional standards and, indirectly, by the reflection reverberated by changes in adjacent disciplinary areas, influencing the object and organization of the activity of the auditor. With regard to the first aspect, the legislative interventions of the last decade, in particular, have been aimed at the transposition of the Community directives for harmonization with the international auditing principles. In particular, the Legislative Decree 27 January 2010, n. 39 implemented Directive 2006/43 / EC which, by dictating new rules on the auditing of annual accounts and consolidated accounts, proposed to pursue a substantial European harmonization of the relevant obligations. The main novelty of Legislative Decree 39/2010 was, therefore, that of bringing together, in a single regulatory text, the provisions on revision, thus replacing the plurality of special disciplines in existence until then. The previous regulatory framework was, in fact, very complex: the provisions were contained, in part, within the Civil Code, which defined the companies subject to auditing, as well as the general profiles of auditing, and in part, in the Legislative Decree 27 January 1992, n. 88 which regulated the subjects entitled to carry out the auditing activity as well as the procedures for keeping the register of auditors. Furthermore, special rules were envisaged for companies with shares listed on regulated markets (Legislative Decree 58/1998), for insurance companies (Legislative Decree 209/2005) and for companies operating in the banking and credit sector (Legislative Decree no. .Lgs. 385/1993). With reference to the second aspect on the Community front, Directive 2006/43 / EC was first amended by Directive 2013/34 / EU (transposed into our legal system with Legislative Decree 139/2015) and then by Directive 2014/56 / EU (implemented in our legal system with Legislative Decree 135/2016), to allow the adoption of the new international auditing standards, ISA, with the aim of facilitating their understanding and contextual application, and guaranteeing an overall increase in the audit quality. In particular, the EU directives of 2013 and 2014 further extended the scope of the auditor's activities, also requiring the expression of an opinion on the consistency of the Management Report prepared by the administrative body. Finally, the transversal perspective, typical of the approach to auditing, has determined the adoption of the operational effects of recent regulatory changes introduced in the regulatory framework such as Legislative Decree 231/2001 on the subject of administrative liability of legal persons, Legislative Decree . 254/2016 on non-financial reporting and Legislative Decree 14/2019 on the management of business crisis and insolvency
Translated title of the contribution[Autom. eng. transl.] Statutory Audit Manual. Logics and tools
Original languageItalian
PublisherGiappichelli Editore
Number of pages352
ISBN (Print)9788892132719
Publication statusPublished - 2020

Keywords

  • Principi di revisione
  • Revisione legale

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