Compliance

The legislative decree 12.01.2019 which introduced the Corporate Crisis Code.

• In General all businesses.

• Specifically, as regards the obligation to introduce regulatory corporate bodies (Statutory Auditor or Board of Statutory Auditors and Legal Auditing), companies that for 2 consecutive years have exceeded one of the following limits:

The duty for the entrepreneur to establish an adequate administrative and accounting structure also to detect the first alerts of the business crisis and loss of business “going-concern”.

Even the individual entrepreneur must take appropriate measures to promptly detect the state of crisis and take the necessary steps to deal with it.

• Crisis indicators issued by the Italian National Council of Chartered Accountants and Accounting Experts (CNDCEC) which highlight unsatisfactory Financial and Net Equity position;

• Adequate administrative and organizational structure;

• Focus on forecast cash flows by the directors in the following 6 months to cover short-term payments;

• Adequate use of Early warning systems by Statutory and Legal Auditors, Qualified Public Creditors (Agenzia delle Entrate, INPS …)

Not only to anticipate promptly the emergence of a crisis and to solve it effectively and with lower costs, but also to promote  business continuity and company development through  organizational structuring,  processes and management accounting. .

We propose to Directors and statutory auditors a modular and incremental analysis approach that allows them not only to monitor business continuity in line with the Law but also to manage all the corporate critical factors.

As a first step we can provide you with an analysis dashboard  that can show your “corporate health status” according to Crisis indicators issued by the Italian National Council of Chartered Accountants and Accounting Experts (CNDCEC). The input of this report are your financial statements filed in xblr format (generally 3-5 years). It is a low costs and fast project.

The report will provide you with a large set of ratios (profitability, financial solidity, liquidity and financial covarage) that will allow you to evaluate strengths and weaknesses of your company and periodic trends.

In the Dashboard you'll find many other datas about your business

Questo primo passo che richiede un tuo basso impegno , ti consente di tracciare un primo punto di valutazione, di capire come sei messo rispetto ai nuovi impegni normativi, se il tuo trend storico ti consente di affrontare il prossimo futuro con serenità ed organizzarti con tranquillità o se è importante accelerare nel presidio ed avviare velocemente tutte le azioni conseguenti.

Infrannual analysis

As a second step we suggest you to update the diagnostics over time on a quarterly or half-yearly basis, to monitor the company performances and business continuity, in line with the principles of the new law.

We can help you to update your Dashboard quickly and with low costs..

Siamo ovviamente in grado, qualora i tuoi tempi siano ristretti e le tue risorse siano impegnate, a supportarti direttamente in questa fase di implementazione di un bilancio infra-annuale. Le tempistiche e le profondità delle informazioni le stabiliremo assieme.

Forecast analysis

The actual crisis indicators are not enough to fully cover the requirements of the law, which provides for in art. 13 debt sustainability for at least the following six months and business continuity prospects for the current year. So you need to make some forward-looking assessments on your business, especially on cash flows. The inclusion of these forecast data in the last year/interim Dashboards allows a complete and dynamic view of the company performances.

We are of course able to help you on this activity.

Sectoral Benchmarks

Our Dashboard also includes a version with data from your economic sector. The crisis indicators and all the ratios are compared for the last financial year with the averages of the total sector, turnover class and territorial positioning (North-Central-South). This report requires a small incremental cost but allows you to have a comparison with your sector and understand if the Crisis indicators issued by the Italian National Council of Chartered Accountants and Accounting Experts (CNDCEC), in the event of a negative trend in the whole sector, are suitable for the type of activity or you can adopte different indicators.  The legislation provides for requests to modify the control instruments.

We are able to support you with a tailored approach using flexible and dynamic Business Intelligence tools and management account systems that allow you to keep track of the performances of your company.