The New European Directive 2013/43/UE on the Financial Statements. Evidence about its introduction in the Italian Accounting System

With the Directive no. 2013/34 / EU dated 26 June 2013 the Parliament and the European Council have decreed a new era for the financial statements of companies in the European Union member countries. The introduction of this new directive aims to improve the coverage information of the accounting document and to begin a process of simplification of administrative burdens and standards for the preparation and publication of the financial statements. In Italy the directive must be transposed by 20 July 2015 for which the associations of accountants are evaluating the specific contents of the new rules to make application for Italian companies. Some of the new rules and above all part of the new structures of the schemes of the financial statements are quite different from the approaches currently in use for which discussions are taking place very heated.