Preliminary Considerations About the Transposition of Directive 2013/34/EU Into Italian Accounting System

With the Directive No. 2013/34/EU dated June 26, 2013, the Parliament and the European Council have decreed a\r\nnew era for the financial statements of companies in the EU member countries. The introduction of the new\r\ndirective aims to improve the coverage information of the accounting document and to begin a process of\r\nsimplification of administrative burdens and standards for the preparation and publication of the financial\r\nstatements. In Italy, the directive must be transposed by July 20, 2015 for which the associations of accountants are\r\nevaluating the specific contents of the new rules to make applications for Italian companies. Some of the new rules\r\nand above all part of the new structures of the schemes of the financial statements are quite different from the\r\napproaches currently in use for which very heated discussions are taking place.