Best Accounting & Auditing Lawyers in Valdagno

3. Local Laws Overview

This section highlights 2-3 specific laws or regulations that govern Accounting & Auditing in Italy, with emphasis on implications for Valdagno residents. It includes recent changes and the regulatory context you should know.

1. Decreto Legislativo 39/2010 - “Testo unico della revisione legale dei conti.” This act consolidates rules on statutory audits and appointing the proper auditing body. It implements EU standards and has been amended to reflect evolving independence requirements and audit practices. Effective date: 1 January 2010, with ongoing updates.
2. Regolamento (UE) No 537/2014 - Regulation on statutory audits of annual accounts and consolidated accounts of public-interest entities. It introduces rotation rules, auditing standards, and independence obligations. Effective in the EU from 2014 onward, with member states adopting compatible provisions.
3. Codice Civile, Libro V Contabilita e Bilancio - Governs the preparation of financial statements, notes, and related disclosures for Italian companies. It sets the framework for bilancio d’esercizio and nota integrativa and governs the responsibilities of managers and auditors. Applied across all Italian municipalities including Valdagno.

“Regulation (EU) No 537/2014 strengthens independence requirements and audit quality controls for public-interest entities.” Source: europa.eu

“The Codice Civile provides the legal foundation for corporate accounting and financial reporting in Italy, including obligations for bilanci e note integrative.” Source: www.normattiva.it

4. Frequently Asked Questions

What is a revisione legale dei conti?

A revisione legale dei conti is the legally required external audit of a company’s financial statements. It is conducted by a statutory auditor or a qualified auditing firm. This ensures reliability and transparency in the bilancio d’esercizio.

What is the role of a dottore commercialista in this field?

A dottore commercialista provides accounting, tax and advisory services. They often work with auditors to prepare and present compliant financial statements and to implement internal controls.

How do I know if my Valdagno company must have an audit?

The obligation depends on entity type and size criteria set by law. Most medium to large companies and certain types of corporations must appoint a revisore legale. A lawyer can verify your status and guide you through compliance.

What is the difference between a revisore legale and a revisore contabile?

A revisore legale is a legally authorized auditor under D.Lgs. 39/2010. A revisore contabile may refer to external auditors or internal review functions not mandated by law in every case.

Do I need a lawyer to coordinate with my auditor?

Yes. A lawyer can ensure your audits align with Italian law, manage communications with authorities, and protect client rights during the process.

How much does auditing or legal advice cost in Valdagno?

Costs vary by complexity, entity type and engagement scope. Typical engagements for a small to mid-size business range from a few thousand to tens of thousands of euros per year for audits or advisory services.

Do I need to involve the Camera di Commercio in Valdagno?

Most companies file annual financial statements with the Camera di Commercio di Vicenza and complete obblighi di bilancio. A lawyer can help you manage filings accurately and on time.

How long does a statutory audit typically take?

Audit duration depends on company size and record complexity. A straightforward audit for a small company may take several weeks, while larger entities can require months of coordinated work.

What should I prepare before meeting an auditor?

Gather the latest bilancio, nota integrativa, internal control documents, and a summary of accounting policies. Provide access to key ledgers and supporting documents to facilitate a smooth review.

Is there a difference between an inquiry and a formal audit?

Yes. An inquiry is a preliminary assessment often conducted by regulators or auditors. A formal audit is a comprehensive and independent verification of financial statements.

When can I negotiate audit fees or terms?

You can discuss scope, timeline and fees during initial consultations. Ensure the engagement letter clearly defines deliverables, responsibilities and costs.

5. Additional Resources

These official resources may help Valdagno residents understand Accounting & Auditing obligations and access authoritative guidance.

• Consiglio Nazionale Dottori Commercialisti ed Esperti Contabili (CNDCEC) - The national professional body for accountants and auditors in Italy. Functions include standards, ethics, education and disciplinary oversight. https://www.cndcec.it
• Camera di Commercio di Vicenza - Maintains the Registro delle Imprese and oversees filing of bilanci for local businesses in Valdagno. Provides guidance on annual reporting requirements. https://www.camcom.it
• Agenzia delle Entrate - Italian tax authority that administers tax compliance, notices, and audits. Useful for understanding fiscal obligations and responses to authorities. https://www.agenziaentrate.gov.it

6. Next Steps

1. Define your needs and eligibility - Determine whether your Valdagno business requires an audit, advisory support, or both. Identify deadlines for bilancio filings and regulatory notices.
2. Collect candidate profiles - Gather names of at least 3 local avvocati (avvocato specializzato in contabilità) or studi di commercialisti with experience in auditing and Italian regulatory compliance.
3. Check credentials and references - Verify licensure, professional memberships, and prior client references in Veneto or nearby provinces. Confirm familiarity with D.Lgs. 39/2010 and EU Regulation 537/2014.
4. Schedule initial consultations - Book 30-60 minute meetings to discuss scope, approach, timelines, and fees. Request sample engagement letters and fee breakdowns.
5. Request a written engagement proposal - Obtain a formal proposal outlining deliverables, responsibilities, milestones and cost estimates. Ensure there is a termination clause.
6. Compare proposals and negotiate terms - Evaluate scope, timelines and total cost. Seek clarity on additional charges for amendments or out-of-scope work.
7. Sign a formal engagement letter - Confirm scope, fees, confidentiality, and dispute resolution. Ensure it aligns with Italian professional standards.