After a long consultation period, the Italian Entity for Accounting (OIC) updated the national accounting principles on the basis of the regulations included in the the D.Lgs. N°139/2015 (which recognized the European directive 34/2013/EU). This important review of the articles of the civil code which discipline the financial statement of corporations, introduced some new accounting rules which demanded the Fondazione dell’Organismo Italiano di Contabilità to strongly review the Italian accounting principles to be used starting from 1st January 2016 and hence to be applied to the financial statements presented in 2017.

To download the updated list with highlights on the new OIC principles in force till today: Elenco_degli_OIC_in_vigore_2016.pdf