Audit & Assurance

Assurance can be interpreted as meaning security and confidence. The security that those preparing official accounting documents (primarily financial statements) must guarantee those relying on them i.e. those making decisions based on the content of these documents and whose investments must be seen to be safeguarded (banks, creditors, shareholders. The law and accompanying regulations requires that certain controls be carried out on these accounting documents – these controls mainly take the form of audit procedures. Audit work is carried out in accordance with Italian and international auditing standards. The principles and best practices requested and applied by the profession are constantly updated. The mere application of the rules is not, in itself, synonymous with effective and efficient audit work. Human resources training – both in technical areas and fundamental values such as independence and integrity – is the point when the working system and methods that provide the ground rules for all personnel are shared. Audit activities include accounting audit and control in terms of Articles 2409-bis and 2477 of the Italian Civil Code.
They also include:

• Audit as required by law;
• Voluntary audit of statutory and consolidated financial statements;
• Limited audit of specific sectors and/or specific areas of the financial statements;
• Compliance statements as required by special laws;
• Providing assistance to the Board of Statutory Auditors when it is appointed to carry out accounting control activities in terms of Articles 2409 bis and 2477 of the Italian Civil Code (“auxiliary” activities);
• Voluntary audit of reporting packages of Italian subsidiaries of international groups;
• Issue of expert witness opinions in terms of Articles 2501-bis and 2501-sexies of the Italian Civil Code.