More credible corporate financial statements if the Auditor is independent, a help also for the PNR
More trust for the whole system with the Independent Auditor, these are the latest indications from the European Central Bank to the international banking system, implementing the indications of the European Parliament, according to the European directive which rearranges the legislation on the subject in order to guarantee the credibility of the financial statements of society and thus restore confidence in the market and citizens, especially after the financial scandals of recent years. .
Each Member State has applied its Law with ample room for manoeuvre. With the approval of the 2022 financial statements, joint-stock companies are obliged to appoint an Auditor according to law No. 155/2019, the independence of the auditor guarantees to limit risks and dangers to the maximum, the indications of the ECB to the Banks of taking into account the application of law 155/19 in the rating assessment is an important element of transparency and credibility of corporate financial statements through the demonstration of an independent body, these assumptions can be best realized especially for the management of European funds of the Pnrr , concrete help from the auditor on the accounting obligations of the implementing bodies
The professional figure of the auditor on whom the ECB relies heavily is destined to stand out in the nascent context of implementation of the National Recovery and Resilience Plan. Indeed, the governance of the PNRR requires the transparency of the financed operations, the constant monitoring of the results and their complete reporting.
The implementation of these actions entrusted to the role of the auditor improves the rating and reliability of the company
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The article Golden Rating for companies with an Auditor, more credit and more turnover (by Silvio Ceci) comes from Scenari Economici .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/rating-d%c2%b9oro-per-le-societa-con-il-revisore-piu-credito-e-piu-fatturato-di-silvio-ceci/ on Thu, 16 Mar 2023 20:30:20 +0000.
