{"id":7389,"date":"2020-01-29T14:20:08","date_gmt":"2020-01-29T13:20:08","guid":{"rendered":"https:\/\/it.andersen.com\/assonime-and-new-limits-for-internal-control-according-to-article-no-2477-civil-code-the-first-financial-year-for-auditing\/"},"modified":"2020-06-11T18:04:12","modified_gmt":"2020-06-11T16:04:12","slug":"assonime-and-new-limits-for-internal-control-according-to-article-no-2477-civil-code-the-first-financial-year-for-auditing","status":"publish","type":"post","link":"https:\/\/it.andersen.com\/en\/assonime-and-new-limits-for-internal-control-according-to-article-no-2477-civil-code-the-first-financial-year-for-auditing\/","title":{"rendered":"Assonime and new limits for internal control according to article no. 2477 Civil Code: the first financial year for auditing"},"content":{"rendered":"<p>With Case Study no. 1\/2020 published on 27th January 2020, Association of Joint-Stock Companies \u2013 Assonime recalled that the new Code of Company Crisis and Insolvency and D.L. no. 32\/2019 set up some amendments on <strong>article no. 2477 of Civil Code<\/strong>, modifying the limits for adopting <strong>internal control or auditors<\/strong> for limited company.<\/p>\n<p>For companies already set up on 16th March 2019 the deadline to fulfill this duty was due on <strong>16th December 2019<\/strong>.<\/p>\n<p>With the entry into force of these regulatory changes, it was important to define the first fiscal year to subject to auditing.<\/p>\n<p>According to the deadline for the appointment and specific features of the statutory auditing activity, Assonime considered that it will must concern the <strong>first financial year after designation, that is, from 1st January to 31st December 2020<\/strong>. In any case, the audit assignment will must last for three years (from 2020 to 2022) and will expire on the date of the Shareholders&#8217; Meeting called to approve the financial statements for the third year.<\/p>\n<p>Please do not hesitate to reach out to our Professionals in case you need further clarifications on the above.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Case Study no. 1\/2020 published on 27th January 2020, Association of Joint-Stock Companies \u2013 Assonime recalled that the new Code of Company Crisis and Insolvency and D.L. no. 32\/2019 set up some amendments on article no. 2477 of Civil Code, modifying the limits for adopting internal control or auditors for limited company. For companies [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":7956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"_links":{"self":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts\/7389"}],"collection":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/comments?post=7389"}],"version-history":[{"count":0,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts\/7389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/media\/7956"}],"wp:attachment":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/media?parent=7389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/categories?post=7389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/tags?post=7389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}