How’s the Cashier’s Office doing?
The Court of Auditors promotes the Accountants Fund but the accounting judiciary says: beware of disagreements with the Mef and the Ministry of Labour. All the details on the latest report by the Court on the national social security and assistance fund for chartered accountants (CNPADC)
With a net worth of 10,112 million euros, in 2020 it was 9,314 million, the national social security and assistance fund for chartered accountants (Cnpadc) passes the examination of the Court of Auditors . The income statement closes with a current surplus of over 797 million euro, up by 320.8 million (+67.3 %), receivables and non-fixed financial assets grow while cash and cash equivalents decrease by over 576 million. The accounts of the accountants ' fund do not worry the accounting magistrates . Instead, it is a certain propensity to spend and disagreements with the Mef and the Ministry of Labor that alarm the Court.
THE FLORID ACCOUNTS OF THE CASH OF ACCOUNTANTS
The Cassa enjoys managerial, organizational and accounting autonomy and is subject to the supervision of the Ministries of the Economy and Finance and the Ministries of Labour. Accountants' accounts are in good health. Fixed assets went from 7,025 to 7,889 million euros (+12.3%) thanks to the increase (+865 million) in financial fixed assets, while current assets fell by 123 million (-4.3%), going from 2,857 to 2,733 million. The technical balance of the Cassa records a balance of 513 million of social security balance, 658 of total balance and 10,333 of shareholders' equity.
THE COST OF LABOR
The report of the Court of Auditors found that labor costs amounted to 11,608,115 euros and, compared to the previous year, recorded "an increase of 448,393 euros compared to the previous year (+4.02 per cent)". This increase derives from the increase in the workforce increased by eight people (for 0.3 million euros) and for about 0.1 million euros from the revaluation of the severance pay. Expenses for external work services also increase the accounts of the national social security and assistance fund for chartered accountants (CNP ADC). “The legal assistance item on disputes in 2021 exceeds 3 million (1.5 million in 2020) – reads the report -. Legal expenses relating to representation in court mainly refer to disputes in the social security area, the amount of which, reports the Body, amounted to 2.7 million. The increase in the item of 1.6 million is mainly due to the higher expense for disputes relating to the solidarity contribution (for 1.2 million), as well as for disputes in the social security-contribution area (for 0.3 million)." Legal expenses relating to representation in court mainly refer to disputes in the social security area which amount to 2.7 million.
MORE ATTENTION TO PERSONNEL EXPENSES
The Court of Auditors underlines that the Entity should pay greater attention to the policies relating to personnel charges which are " constantly growing ", confirming the trend of previous years. The Court points the way: cost containment is achieved "through recourse to adequate training and enhancement of internal resources".
THE PREVENTION OF CORRUPTION IN THE CASH OF ACCOUNTANTS
The Body has had a system to fight against corruption, Mog 231, since 2017. The OIV , the 'Independent Evaluation Body. The Cassa has adopted a corruption prevention system integrated with the management system (Sgi), which aims to encourage "the progressive adaptation and improvement of all phases of company processes, with respect to the specific objective of combating corruption phenomena".
GROWING PENSIONERS AND INSTITUTIONAL SERVICES
The Organization provides for the disbursement of direct old-age, early old-age, "single contributory" pensions, incapacity and invalidity pensions as well as reversibility (or indirect) pensions in favor of the survivors, as well as the disbursement of maternity and of a wide range of care interventions. The institution records an increase in the number of retirees (including those in totalization) of 915 people which corresponds to an increase of 10.2 percent compared to the year 2020. As a result, costs for "institutional services" have also increased of 23.7 million, equal to 6.72 percent compared to 2020; the most significant increase concerns IVS pensions , which recorded an increase of 27.2 million, confirming the trend of recent years (+17.7 million in 2019 and +16.3 million in 2020)". This increase is broken down as follows between the three types of benefits: old age +13 per cent, early old age +13 per cent and single contributory +19 per cent.
INCREASE OF ENROLLMENTS AND CONTRIBUTION PAYMENTS
However, the number of members also increased by 1,464 people, with an increase of 2.1 percent compared to the previous year. Contribution revenues also increased, going " from 897 million in the reference year to 947 million in 2021 (+5.65 percent): among these, the revenue deriving from subjective and supplementary contributions amounted to a total of 861 million, of which 521 million for subjective contributions and 340 million for supplementary ones. The growth in absolute value of the mandatory contribution is approximately 32 million, by virtue of the increase in the number of members and the average contribution rate (from 13.34 per cent in 2020 to 13.49 per cent in 2021)”.
SPENDING REVIEW: THE DISSIDENTS BETWEEN THE CASH OF ACCOUNTANTS, THE MEF AND THE MINISTRY OF LABOR
The ministries that supervise the cash register, the Mef and the Ministry of Labour. These believe that the Cassa dei Commerce should contribute with its own substances to support the spending review. For its part , the Cassa continues to maintain a contrary position and maintains that it "does not have the obligation to transfer any sum to the State in this capacity". In support of its thesis, the fund has called to the rescue the sentence n. 7 of 22 November 2017 of the Constitutional Court which declared the illegitimacy of art. 8, paragraph 3, decree law 95 of 2012 ,” in the part in which it provides that the sums deriving from the expenditure reductions envisaged therein are paid annually by the National Welfare and Assistance Fund for chartered accountants to a specific revenue chapter of the State budget ” . The Cassa, therefore, has not included any items in this regard in the 2021 income statement.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/come-va-la-cassa-dei-commercialisti/ on Mon, 20 Mar 2023 07:12:58 +0000.