Italian Local, Regional Governments Need New Accounting Standards – New Study
Italian local and regional Governments must adopt EU Public Sector Accounting Standards to harmonise with the rest of Europe and reduce manipulation, a new study has found.
The research, by Professor Francesco Capalbo from University of Molise, Professor Alex Frino from University of Wollongong in Australia and Giovanni Gerardo Parente from CNDCEC will be presented at Parliament House in Rome on October 12. It sets out the case for Italian governments to adopt harmonised European accounting standards despite the high cost of making the change.
The research builds on previous work by Professors Frino and Capalbo that examines the accounting practices of Italian state-owned enterprises.
“Since the Greek economic collapse European governments have been under pressure to harmonise their accounting practices to allow comparisons of the financial accounts of member states,” Professor Frino said. “That involves all levels of government including local governments (municipalities) in each country, because their financial statements are consolidated into the national accounts.”
In Italy, local and regional governments do not use typical (accrual) accounting practice to generate financial statements, but a cash basis of accounting. Professors Frino and Capalbo’s research is considered important in determining how Italy should work with the European Union’s efforts to establish harmonisation of public sector accounting standards.
“We conducted a survey of 1,300 public sector auditors including Commercialisti (certified accountants) in Italy and asked them whether a move to full accrual accounting, as promulgated by the EU would improve the quality of financial statements – the results came back with a resounding yes,” said Professor Frino.
The presentation of the research will be hosted by L’onorevole Francesco Boccia, Presidente della Commisione Bilancio (the Honourable Francesco Boccia, Chair of the Finance and Budget Committee) at the Palazzo Montecitorio or Parliament House in Italy which will be attended by members of parliament representing all the major parties including Enrico Morando, Viceministro dell’Economica e delle Finance (the Deputy Treasurer). The meeting will also be attended by the head of the IPSASB Ian Carruthers and the head of the European Union’s taskforce into standardising accounting practices, Alexandre Makaronidis.
For more information and interviews with Professor Frino:
The Continuum Partners
Kristin Westlake, +1 (604) 966-1410
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
LTI and PTC Unveil IoT Center of Excellence16.10.2018 17:42 | Tiedote
Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company, in alliance with USA-based PTC Inc., today unveiled a state-of-the-art Center of Excellence (CoE) in Bengaluru, focused on Internet of Things (IoT)-based innovations. The CoE will focus specifically on Industry 4.0 solutions in Manufacturing and Oil & Gas sectors. LTI will leverage the CoE to design, build and showcase solutions for smart, connected enterprises, from proof-of-concept to industrialized deployments. The CoE will showcase the possibilities of transformative technologies to global customers, featuring Industrial IoT solutions developed on PTC’s ThingWorx® platform. LTI plans to deploy reusable IoT assets from its real-world experience in implementing enterprise-scale digital transformation solutions for global customers like L&T Construction and other global industrial manufacturing enterprises. A unique feature of the CoE will be the use of real-time data f
A Higher Intelligence: Huawei Unveils HUAWEI Mate 20 Series16.10.2018 17:08 | Tiedote
Huawei Consumer Business Group (BG) today unveiled the HUAWEI Mate 20 Series. Available in 6.53-inch, 6.39-inch and 7.2-inch sizes, the HUAWEI Mate 20 Series encompasses four devices: HUAWEI Mate 20, HUAWEI Mate 20 Pro, HUAWEI Mate 20 X and PORSCHE DESIGN HUAWEI Mate 20 RS. “Smartphones are an important entrance to the digital world. The HUAWEI Mate 20 Series is designed to be the best ‘mate’ of consumers, accompanying and empowering them to enjoy a richer, more fulfilled life with their higher intelligence, unparalleled battery lives and powerful camera performance,” said Richard Yu, CEO of Huawei Consumer BG. Ultimate Performance and Battery Life Manufactured with the cutting-edge 7nm technology process, the Kirin 980 is the world’s first commercial SoC to use the Cortex-A76-based cores and Mali-G76 GPU. The Kirin 980 is also the industry’s first SoC to be equipped with Dual-NPU. In addition, it supports the 4.5G LTE Cat. 21 standard, the world’s fastest Wi-Fi connection speeds, and
New Guidance From ADA and EASD Recommends Use of Sodium-Glucose Co-Transporter-2 (SGLT2) Inhibitors and Glucagon-Like Peptide-1 (GLP-1) Receptor Agonists for Patients with Type 2 Diabetes16.10.2018 16:15 | Tiedote
As the European distributor of INVOKANA ® (canagliflozin) and VOKANAMET ® (canagliflozin and metformin) Mundipharma welcomes the news that SGLT2i’s, including canagliflozin, have now been included as an important treatment option in the newly published 2018 ADA/EASD Consensus Report in the early management of T2DM patients with established ASCVD, HF, CKD and also in patients without cardiovascular disease (CVD) especially where there is a compelling need to minimize weight gain or promote weight loss or a need to minimize the risk of hypoglycaemia. The new guidance was co-published in Diabetologia, the journal of EASD, and Diabetes Care, the journal of the ADA, during the annual meeting of EASD in Berlin, Germany on October 5.1 Updates to the guidance took into consideration recent evidence from large CV outcome trials (CVOTs), which included the CANVAS programme, the largest completed and published CV outcomes trial to date for an SGLT2i, which has shown that canagliflozin reduces the
Brightree Launches First Patient App for HME16.10.2018 16:05 | Tiedote
Brightree®, the leading provider of cloud-based software to help post-acute care companies improve business performance and patient outcomes, announced today from Medtrade the release of its new Patient Hub to personalize the patient experience and increase revenue for home medical equipment (HME) providers. Patient Hub is a patient engagement app that automates and simplifies how HME providers connect with their patients. It eliminates the need for multiple web portals and consolidates all patient interactions into one secure platform. By improving ease of engagement and automation, Patient Hub empowers care, frees up resources and creates opportunities to accelerate cash flow. The Patient Hub app allows providers to automate simple, repetitive processes such as sending out appointment reminders and requests for insurance updates, or delivering order status and tracking updates. Patients can initiate and complete tasks as well, including updating account information, reordering suppli
KYMCO Announces Entry Into India With Ionex16.10.2018 15:40 | Tiedote
KYMCO announces its official entry into India with its game-changing Ionex electric scooter total solution. In partnership with Twenty Two Motors, an Indian company that focuses on developing advanced connected electric vehicles, KYMCO is set to revolutionize the two-wheeler sector in India by bringing the new era of electric scooters and building the open energy platforms long awaited by Indian customers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181016005636/en/ Allen Ko, Chairman, KYMCO (Photo: Business Wire) India is the largest two-wheeler market in the world. The Indian government is actively promoting green movement through policies that encourage the use of electric vehicles as well as the establishment of EV infrastructure. The latest ‘National E-Mobility Programme’ aims to shift one third of petrol and diesel vehicles to electric by 2030. The government has a strong motivation for “go electric, go green” revol
Fujitsu to Demonstrate New “Super-Slim” Washable RFID Linen Tags at the EXPOdetergo 18th International Exhibition in Milan, Italy16.10.2018 15:00 | Tiedote
Fujitsu Frontech North America Inc., a leader in innovative technology and front-end solutions, has announced today that Fujitsu has developed a new line of washable UHF RFID tags only 7 millimeters wide, 30% smaller than current tags, allowing them to be more easily inserted into the seams of washable items. Fujitsu will debut the new “super-slim” tags, as well as their WT-A533 Linen tags and WT-A533L Fashion tags, at the EXPOdetergo 18th International Exhibition, Hall 1 booth # V10, on October 19-22, 2018, at the Fiera Milano Convention Center, Milan, Italy. The Fujitsu “super-slim” washable RFID Linen tags are targeted for availability in the first quarter of 2019. “Fujitsu has been creating RFID solutions for over 20 years. Our engineering and design teams possess sophisticated engineering, design and antenna optimization intellectual property,” says Michi Sugawara, President and CEO of Fujitsu Frontech North America Inc. “By combining this know-how plus our skills in high-volume,
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme