Italian Corte dei Conti Goes Online
The Court of Auditors in Italy has implemented an XBRL-based online submission system for the filing of financial statements by entities under the court’s jurisdiction. The court is an autonomous, neutral body with judicial and administrative supervisory duties with regard to public finance. It also supplies objective reports to the general public. The new system will reduce filing burdens, enable new analysis capabilities, improve enforcement and allow for easier comparison of balance sheet items within the various reporting sectors under the court’s purview.