IL BILANCIO DI ESERCIZIO SECONDO LA NUOVA DIRETTIVA CONTABILE EUROPEA

The Directive 2013/34/UE substitutes and updates the accounting Directives applicable to limited companies (the 4th and 7th Directives EEC for company regulation). This article is intended to present a critical examination of such new accounting Directive. It presents an evaluation as to the overall adequacy of the new Directive versus the legislative objectives. Specifically, in this study the effects of the main legislative innovations introduced - described both in terms of structure and content - are verified analytically regarding their coherence with the reasons assumed for their adoption. In order to do so, certain norms which have been not changed, are also considered to the extent that they are significant for this evaluation process, like for example the requirements for micro-undertakings. This investigation deals exclusively with the area of the annual financial statement (that is: the individual financial statement). It does not include an analysis of the legislation relating to the descriptive reports accompanying the financial statement, the consolidated accounts or the questions of their publication and control