.png)
The Italian Accounting Organization was founded by a perceived need by the main Italian private and public parties, to establish a "standard setter" national with an extensive representation with the purpose of expressing instances national accounting.
The Italian Accounting Organizationwas formed, in the legal form of foundation, 27 November 2001.
It shall prepare the accounting standards for the preparation of financial statements and consolidated financial statements of companies, budgets and final accounts of non-profit organizations and public administrations, national and local. Moreover, the Italian Accounting Organization, coordinating its work with the activities of other "standard setter" Europeans, in compliance with laws and regulations, provides technical support for the application of international accounting standards in Italian and European directives on accounting. The Italian Accounting Organization also performs a work of assistance to the national legislature in issuing standards in accounting and related to the adjustment of the internal discipline of the budget to the European directives and international accounting standards approved by the European Commission.
The Italian Accounting Organization aims finally the promotion of culture and progress of accounting practices and corporate professional with the publication of documents and research on the subject, as well as the organization of conferences, seminars and study meetings.
For the achievement of the tasks assigned, the Founders have designed and built an institutional framework capable of ensuring, in the bodies that govern the Foundation, a balanced presence of the social partners - private and public - interested to accounting and, at the same time, atta to ensure the fulfillment of the requirements of impartiality and independence of the choices. The achievement of the authority necessary to influence effectively in national and international discipline of accounting is in fact greater the largest and most representative is the composition of those vested with decision-making roles.
The Italian Accounting Organizationwas formed, in the legal form of foundation, 27 November 2001.
It shall prepare the accounting standards for the preparation of financial statements and consolidated financial statements of companies, budgets and final accounts of non-profit organizations and public administrations, national and local. Moreover, the Italian Accounting Organization, coordinating its work with the activities of other "standard setter" Europeans, in compliance with laws and regulations, provides technical support for the application of international accounting standards in Italian and European directives on accounting. The Italian Accounting Organization also performs a work of assistance to the national legislature in issuing standards in accounting and related to the adjustment of the internal discipline of the budget to the European directives and international accounting standards approved by the European Commission.
The Italian Accounting Organization aims finally the promotion of culture and progress of accounting practices and corporate professional with the publication of documents and research on the subject, as well as the organization of conferences, seminars and study meetings.
For the achievement of the tasks assigned, the Founders have designed and built an institutional framework capable of ensuring, in the bodies that govern the Foundation, a balanced presence of the social partners - private and public - interested to accounting and, at the same time, atta to ensure the fulfillment of the requirements of impartiality and independence of the choices. The achievement of the authority necessary to influence effectively in national and international discipline of accounting is in fact greater the largest and most representative is the composition of those vested with decision-making roles.
The government of the Italian Accounting Organization is attributed to the following organs: Board of Founders, Supervisory Board, Management Board, Technical and Scientific Committee and Board of Auditors.
The accounting policies of the Italian Accounting Organization are subject to the opinion of the Bank of Italy, Consob, ISVAP and the relevant ministries in this case. The negative opinion of the aforementioned institutions is published in conjunction with the accounting standard approved by the Management Board.
