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.

The new OIC Board of Directors appoints the Accounting Standards Committee, the Sustainability Committee, and the Secretary General

The Board of Directors of the Italian Standard Setter (OIC), meeting under the chairmanship of Gianmario Crescentino, approved key appointments that complete the governance for the upcoming three-year term.

EFRAG publishes Exposure Draft ESRS for certain non-EU Undertakings (ESRS-40a)

Due Date: 31/10/2026

Following a request from the European Commission, EFRAG developed the ESRS for certain non-EU Undertakings (ESRS-40a) Exposure Draft.

OIC OIC responds to the EFRAG DEA on amendments to IAS 28

The comments sent by OIC in response to EFRAG’s preparatory document on IASB’s amendments to IAS 28 are now published.

OIC appoints new leadership: Gianmario Crescentino is the new Chaiman

The Board of Founders of the Italian Standard Setter “Organismo Italiano di Contabilità” (OIC) which met today, appointed the new Board of Directors, which will serve for the next three years and will be chaired by Gianmario Crescentino, a former member of the outgoing Board and Assirevi Chairman, that succeeds prof Michele Pizzo.

OIC pubblica il nuovo principio contabile OIC 5 – Bilanci di liquidazione

The Italian Accounting Body (OIC) releases the new accounting standard OIC 5 – Liquidation Financial Statements.