Our team of senior professionals has a multi-year experience in the audit of important multinational groups and listed companies, and will help you in ensuring high quality standards of your financial information.
As part of the audit service, we offer assistance to our customers in various aspects:
A statutory audit consists of tests and procedures aimed at expressing an opinion as to whether the financial statements of local entities (exceeding certain dimension thresholds) are compliant with the applicable law and accounting principles, and free of material misstatement.
The reform of the statutory audit, disciplined by Legislative Decree 39/2010, foresees that the service be performed by qualified professionals complying with stringent requirements in terms of independence and quality of the audit documentation.
Legislative Decree 117/17 (“Codice del Terzo Settore”) has revised the criteria for appointing a statutory auditor for the Italian “non-profit entities” (particularly for associations and foundations) – the shareholders of NACO are historically engaged in the audit of entities operating in this sector. The Decree has extended the scope of non-profit entities for which a statutory audit is required.
Even in absence of a specific law requirement, many entities deem it necessary, or appropriate, to have a qualified external audit opinion regarding the quality of their financial statements. A voluntary audit may be applicable, inter alia, to the audit of the Group reporting packages or the pro forma financial information of an entity.
The NACO team has the professional skills for assisting the Collegio Sindacale:
Specified procedures engagements are related to the performance of certain audit procedures, agreed upon between the client and the audit firm in terms of nature, timing and extent, and usually limited to specific financial statement line items, areas or schedules.
These engagements are frequent in the context of extraordinary transactions (mergers, spin offs, contributions, debt restructurings), that often require testing and examination of the main areas of the financial statements.
