OIC issues for public consultation the Exposure Draft Accounting Standard for micro and small entities

Small and micro-entities represent the majority of Italian businesses, and this draft Accounting Standard follows the outcome of a consultation launched in 2024, which revealed general consensus on developing a single simplified accounting standard for micro and small entities.

OIC publishes its clarification response regarding the accounting treatment of decommissioning and restoration provisions

The Italian Accounting Body (Organismo Italiano di Contabilità – OIC) has published its clarification response regarding the accounting treatment of decommissioning and restoration provisions.

OIC publishes for public consultation the draft of the new accounting standard OIC 10 – Statement of Cash Flows.

Due Date: 31/07/2026

The Organismo Italiano di Contabilità has published for public consultation the draft of the new accounting standard OIC 10 – Statement of Cash Flows.

OIC publishes the final text of Interpretative Document No.12

The Italian Accounting Standard Setter (OIC) has published the final text of Interpretative Document No.

OIC has published a draft of amendments to OIC 32

Due Date: 31/05/2026

The OIC has published a draft of amendments to OIC 32 – Financial Derivative Instruments for public consultation.

OIC publishes a document setting out guidelines contribution receivables of pension funds

The Italian Accounting Standards Board (OIC) has published a document setting out guidelines on contribution receivables of pension funds, resulting from inter-institutional cooperation between the Parliamentary Commission for the oversight of the activities of entities managing mandatory pension and social security schemes and the OIC itself.