Statutory audit and sole auditor
Statutory audit, board of statutory auditors and sole auditor
The firm carries out statutory audits and corporate supervisory work for companies, bodies and public authorities, from its offices in Meda and Milan.
Contact the firmStatutory audit
Checks of the accounts and financial statements, with an audit report under Italian Legislative Decree 39/2010.
Board of statutory auditors and sole auditor
Supervision of compliance with the law and the articles of association and of the adequacy of the organisational structure, under the Italian Civil Code.
Local authorities
Appointments as economic and financial audit body under the Italian Local Authorities Consolidated Act (Legislative Decree 267/2000).
What it is for
To check that the accounting records are properly kept and that the financial statements are prepared in accordance with the rules, giving the company or body an independent control. Statutory audit is governed by Legislative Decree 39/2010; for limited liability companies, article 2477 of the Italian Civil Code sets out when a supervisory body or an auditor must be appointed. Related services and solutions: business consulting, tax and accounting, business crisis and continuity, local authorities and third sector.
How we work
Preliminary analysis
The type of engagement requested, the independence requirements and the absence of incompatibilities are checked, and the work plan is defined.
Performance
Periodic checks on the accounts, filings and organisational structure, documented by working papers and minutes.
Reporting and follow-up
Conclusions are formalised in reports and communications to the company bodies or the authority, within the legal deadlines.
What it includes
Statutory audit
Checking that the accounting records are properly kept and that the financial statements match them, with an audit report.
Board of statutory auditors
Supervision of compliance with the law and the articles of association, of the principles of proper administration and of the adequacy of the organisational, administrative and accounting structure (art. 2403 Civil Code).
Sole auditor
The same supervisory functions carried out by a single member, where the articles of association so provide.
Auditor of local authorities
Opinions and supervision of the accounting, financial and economic regularity of the authority’s management (art. 239 of the Consolidated Act).
Reports and certifications
Reports, attestations and certifications required by law or by third parties, in line with the applicable professional standards.
Structures and business crisis
Checking the adequacy of organisational structures (art. 2086 Civil Code) and attention to the signals set out in the Italian Business Crisis and Insolvency Code (Legislative Decree 14/2019).
Qualifications and references
The work is carried out by the firm’s chartered accountants (dottori commercialisti) and statutory auditors, registered with the Italian professional association of chartered accountants and accounting experts. Main legal references: Legislative Decree 39/2010 (statutory audit), articles 2397 ff. and 2477 of the Civil Code (supervisory body), articles 234 ff. of Legislative Decree 267/2000 (audit of local authorities). The information is general in nature and does not replace an assessment of the specific case.
Frequently asked questions
What is a statutory audit?
It is the check, carried out by a statutory auditor entered in the official register, that the accounting records are properly kept and that the financial statements comply with the rules governing their preparation. It ends with an audit report, under Legislative Decree 39/2010.
When must a limited liability company appoint a supervisory body or an auditor?
Article 2477 of the Italian Civil Code requires the appointment when the conditions set out in the rule are met, including exceeding the size limits laid down by law. The requirements must be checked on the specific case.
What is the difference between a sole auditor and a board of statutory auditors?
The supervisory body may have a single member (sole auditor) or several members (board of statutory auditors), as provided by the articles of association and by law. The composition and the working methods of the body differ.
Does the firm act as auditor of local authorities?
Yes. The firm carries out appointments as economic and financial audit body for local authorities, under articles 234 ff. of Legislative Decree 267/2000.
How can I make a first contact?
By writing through the form on this page or to the contacts of the Meda and Milan offices. The firm assesses the request and states in writing the terms of any engagement.
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Write to us: we will assess your situation together.
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