The appointment of the control and audit body is regulated by Article 2477 of the Civil Code, the current version of which was formulated in accordance with the Code of Corporate Crisis (Legislative Decree 14/2019
The appointment of a controlling body or an auditor is imposed by law upon the presence of even one of these conditions for 2 consecutive years:
Since when has the obligation to appoint the auditing body existed?
It was scheduled to take effect from the 2021 budget. DL 118/21 provided a postponement, which postponed the mandatory appointment of the control body until the approval of the 2022 budget.
It is a consulting firm that can audit the financial statements of companies for which auditing is required by law.
The auditor or accountant is a specialized professional in charge of auditing a company’s financial statements and accounting records. He or she performs a different function from the accountant because his or her assignment is exclusively one of control.
For some companies, auditing is a requirement introduced by the Business Crisis Code.
Auditing, regardless of the legal requirement, is an activity that enables the company to:
