(Finance) – “The approval by the Chamber of Deputies, at theunanimityfrom the proposed law that limits the liability of the Board of Statutory Auditors it was welcomed with transversal enthusiasm and goes to correct a distortion that had become an emergency of the professional categories”. He declared it Marta Schifone, parliamentarian of the Brothers of Italy in the Labor and Social Affairs commissions at Montecitorio, which met this morning with Council of the Order of Chartered Accountants and Accounting Experts of Napleschaired by Eraldo Turi, after having received the vote for the bill, of which she was the first signatory.
“With the current legislation – underlined Schifone – the professionals in the boards of auditors respond in solid compared to the administrators. A. has come to be created automatism according to which the controller is on the same ‘level’ as the administrator. In a state of law it is unacceptable to live in constant uncertainty and little linearity. The anomalies also concern compensation actions: professionals have become in recent years real ‘easy targets’, exposed not only from a financial but also reputational point of view. We stated a principle of justice and dignity to protect the free professional world. This new law will allow professionals to accept positions on boards of auditors knowing that there is now a common sense rule. We have worked on the ‘staggered method’, already tested in other European countries, which is deducted from the compensation received annually by professionals and parameterizes responsibilities by modifying the current rule”.
“With the limitation of the responsibilities of the Board of Statutory Auditors – highlighted the President Turi– a principle of equity. The modification that will take place in article 2407 will allow you to accept the role of member of the board of auditors without having to bear an abnormal responsibility. I thank Marta Schifone for the sensitivity demonstrated and the result achieved. It was not right that professionals had to risk their personal assets, after a lifetime of work, to fulfill the legality obligations of the board of auditors.”