Organisation

In order to carry out its allotted tasks, the Founders have devised and established an institutional set-up that is able to ensure, in the Organs governing the Foundation, a balanced presence of national institutions and associations – private and public – interested also to accounting standards. The OIC additional objective was to assure that the requirements of impartiality, transparency, independence and accountability, in its activities as national standard setter, are respected.

Authoritativeness is necessary to obtain recognition from various interested parties as the Italian Standard Setter and fullfilling the objectives indicated in our mission.

To this end, the governance of the OIC is composed of: a Board of Founders, a Supervisory Board, an Executive Board  and a Board of Auditors.

Board of Founders

The Board of Founders consists of the Organisations that fund the Foundation as determined by the Board.

Category: Accounting Profession

» Assirevi

» Consiglio Nazionali dei Dottori Commercialisti e degli Esperti Contabili

Category: Preparers

» Abi

» Alleanza delle Cooperative Italiane

» Andaf

» Ania

» Assilea

» Assonime

» Confagricoltura

» Confcommmercio

» Confindustria

Category: users

» Aiaf

» Assogestioni

» Centrale Bilanci

Supervisory Board

The Supervisory Board has the general task of providing guidance and ensuring oversight of the OIC’s activities. The Board is  responsible, inter alia, for appointing the Chair and the members of the Management Board, for approving the general policies, objectives and programmes of the Foundation, for approving its budget and  financial statements and for providing opinions and guidance on matters of strategic importance. The Board consists of the Chair and 18 members, 6 of whom are designated by the accounting profession, 7 by the preparers, 2 by the users, 1 by the Corte dei Conti, 1 by the Dipartimento della Ragioneria Generale dello Stato (State General Accounting Department) and 1 by Unioncamere (Italian Union of Chambers of Commerce, Industry and Crafts).

» Dott. PAOLO GNES [Presidente]

» Dott. MARCELLO BESSONE

» Prof. FRANCESCO CAPALBO

» Dott. GIANMARIO CRESCENTINO

» Dott. ELBANO de NUCCIO

» Dott. MICHELE de TAVONATTI

» Dott. ANGELO DONI

» Dott. VINCENZO FAVALE

» Prof. LUCA FRANCESCO FRANCESCHI

» Dott. ROBERTO MANNOZZI

» Avv. FRANCESCA MARIOTTI

» Dott. ANDREA NOBILI

» Dott. ANGELO PASCALI

» Dott. SANDRO PETTINATO

» Dott. SALVATORE REGALBUTO

» Dott. ANTONIO REPACI

» Dott.ssa SILVIA ROSSI

» Dott. LUCA TASCIO

» Avv. IVAN VACCA

Executive Board

The Executive Board is the organ responsible for the management and technical activity of the Foundation; the Board issues the national accounting standards, determines the position to be taken on matters concerning international accounting standards and sustainability standards, and proposes to the Supervisory Board the guidelines for enhancing cooperation with those bodies engaged in the drawing up of international accounting standards and sustainability standards. The Board consists of a minimum of nine and a maximum of nineteen members, experts in the specific economic sectors in which the accounting standards are applied.

» Dott. ANGELO CASO’ [President]

» Prof. ALBERTO GIUSSANI [Vice-President]

» Dott. ANDREA ANGELINO

» Dott. PIERMARIO BARZAGHI

» Dott.  EDMONDO BELBELLO

» Dott. MARCELLO BIANCHI

» Dott.ssa CATIA BRETTANI

» Dott. LUCA CENCIONI

» Dott. GIUSEPPE CERATI

» Prof. ANTONIO COSTA

» Dott. FABRIZIO DABBENE

» Dott.ssa ANNA RITA DE MAURO

» Prof. ALAIN DEVALLE

» Prof. FABRIZIO DI LAZZARO

» Prof. MICHELE PIZZO

» Dott. MASSIMO ROMANO

» Dott. SIMONE SCETTRI

» Dott. ALESSANDRO TURRIS

» Dott. ROBERTO VERTOLLI

Board of Auditors

The Board of Auditors monitors compliance with the principles of good governance and ensures the proper keeping of accounts, correspondence of the budget with the books and records and compliance with the principles of financial statements. The Board of Auditors has three members. The President is designated by Unioncamere, one is designated by the accounting profession and one by the Stock Exchange together with the users.

» Dott. CARLO TIXON [President]

» Dott. MAURO COAZZOLI

» Dott. GIANPAOLO DAVIDE ROSSETTI

The Board of Auditors has two alternate members, one of whom is designated by Unioncamere and the other by the accounting profession.

» Dott.ssa ENRICA BIONAZ

» Dott. FRANCESCO ANTONELLI

Staff

The bodies of the Foundation are supported in their work by a technical and administrative staff. The team is coordinated by the Secretary General, Dott. MASSIMO TEZZON.

Observers

The public supervisory authorities, as Ministry of Economy, Ministry of Justice, Agenzia delle Entrate, Bank of Italy, Consob and IVASS, attend the technical meetings of the OIC, as observers.

Commissions and Working Groups 

In order to support the Executive Board in carrying out its functions in relation to accounting principles, the Statute considers permanent advisory groups, such as the Civil Commission, the Working Group on national accounting standards and the Working Group on international accounting standards.

The Commission and the Working Groups are of a non-binding advisory nature.

The Civil Commission is composed of authoritative jurists especially in the field of company law, particularly experts in the legal discipline of the annual and consolidated financial statements. Experts in corporate and tax law designated by the Founders attend the meeting as observers;

The Working Group on International accounting standards is made up of experts in IFRSs (preparers, auditors/accounting profession, user, academics). It is involved in the analysis of the documents issued by the IASB and EFRAG, the issues relating to the implementation of the new standards, the decisions of the IFRS Interpretation Committee and the application of IFRS standards.

The Working Group on National accounting standards is made up of experts in ITA GAAP (preparers, auditors/accounting profession, user, academics). It is involved in matters relating to current accounting standards and those under development.

The permanent groups are then flanked by working groups set up by the Executive Board for specific projects such as that on financial instruments, the Rate-regulation Activities project, insurance contracts, the specificities of the financial statements of the cooperative sector and the accounting principles for third sector entities.