The The National Council of Chartered Accountants and Accounting Experts (CNDCEC) is the institutional representative body of the professional category of accountants and is made up of 21 directors elected from among the members of the Register. Established pursuant to Legislative Decree n. 139 of 28 June 2005, the CNDCEC is a non-economic public body of an associative nature, endowed with self-government and self-administration and subjected in the exercise of its activities to the supervision of the Ministry of Justice. The activity of the institution is aimed at protecting its members and public interests connected with the exercise of the profession.an Accountancy Profession.
In response to the outbreak of COVID-19, the Italian government has introduced short and long term measures and restrictions supporting citizens and businesses to tackle the social and economic impact:
- The “Cura Italia” Decree (i.e. Law Decree 17 March 2020, no. 18, the “Decree”),that provides measures to address the economic impact of the Covid-19 emergency on workers, families and businesses.
- The “Decreto liquidità” (i.e. Law Decree 8 April 2020, no. 23, the “Decree”), that provides further measures, for example, providing liquidity to companies, the postponement of tax obligations, temporary exemptions from certain mandatory provisions of Italian corporate law.
All the documents and any update are published on the International section of the CNDCEC website. https://www.commercialisti.it/visualizzatore-articolo?_articleId=1413546&plid=323290
The regulation of the Italian accountancy profession has been completely reformed by legislative decree nr. 139 enacted on 28 June 2005 and published on the Italian Official Journal Gazzetta Ufficiale of 19 July 2005. The profession, which is subject to the general supervision of the Ministry of Justice, has been disciplined with regard
to the following aspects:
Scope of professional activity and incompatibilities
Requirements to access the professional roll
Governance and organizational structure of the professional body
According to the current law provisions, the new profession has been distinguished into two levels which differ
for the scope and nature of professional activities. In detail, the two levels both require a university degree,
although with different duration. This creates a strict connection between the academic path and the professional
activities actually practiced by members. For the basic level – Section B, Esperti Contabili – applicants must
achieve at least a three-year degree in economics and business administration, while for enrolling in Section A,
Dottori Commercialisti, applicants must achieve at least a five-year degree in economics and business
administration. Before being enrolled in the register, applicants are also required to gain practical experience, i.e.
complete an 18 months training period with a registered professional or professional partnership, and pass a
specific State examination.
The new professional body resulting from the reform is the Consiglio Nazionale dei Dottori Commercialisti e
degli Esperti Contabili (CNDCEC), which is the competent authority and the only professional body of
accountants in Italy, operating effectively since 2008.