Earlier this month the Italian Ministry of Economic Development announced that the 2019 version of the XBRL taxonomy for financial statements is available on the AGID website. The new taxonomy will come into effect for annual and consolidated accounts from 1 March 2019. The new taxonomy makes minor changes to the supplementary notes disclosures, and to […]
Following publication in the Official Gazette of the Italian Republic, updates made at the end of 2016 to the taxonomy for limited liability companies filing with the Italian InfoCamere (Chambers of Commerce) are in effect for all financial statements ending 31 December 2016 or later.
More than 900,000 financial statements were filed using XBRL at the Commercial Register of the Italian Chamber of Commerce in 2015.
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.
Following a two year testing period, an extension of the Italian GAAP Taxonomy to include Notes to financial statements has been completed. The initial version of the taxonomy will only cover information explicitly provided for in the Civil Code, with further integration with national accounting standards to come. The tagging of notes will come into effect […]
A culture of open data and transparency is the goal of Italian NGOs seeking to remove barriers to accessing government information by the general public and the media. They are after basic Freedom of Information at the moment, but could it lead to greater access to open data like the kind we are seeing in […]