Italy

Last Update:May 1st, 2010
41.771312,12.744141

Country: Italia
Status: Full Jurisdiction
Jurisdiction Name : xbrl.it
Website : http://www.xbrl.org/it
Membership Count: 26
IFRS Adoption for Public Companies: Required for all domestic listed companies


XBRL PROJECTS OVERVIEW:

Borsa Italiana Mandatory Filing
Camera di Commercio Voluntary Filing

JURISDICTION MEMBERSHIP:

Assirevi
Associazione Bancaria Italiana
Associazione CBI
Associazione Italiana Analsti Finanziari
Associazione Nazionale fra Impresse Assicuratrici
Asspciazione fra le societa Italiane er Azioni
Banca d’Italia
Banca Populare di Ragusa
Borsa Italiana
Centrale Bilanci
COFACE
Confapi
Confcooperative
Confederazione Generale dell’Industria Italiana
Consiglio Nazionale Dottori Commercialisti ed Esperti Contabili
Consiglio Nazionale Notariato
Federconfidi
FITD
ISTAT
Istituto Italiano Vigilanza Assicurazioni
Legacoop
Organismo Italiano di Contabilita
Patti Chiari
Union Camere di Commercio Italiane
Universita di Macerata
Universita di Trento

The deposit of annual and consolidated accounts has been successfully experimented in May 2007 – filing of about 900 annual accounts with Chambers of Commerce in Italy.

Dec08 the Italian XBRL Association released the taxonomy for Italian GAAP, developed by a working group co-ordinated by InfoCamere and including XBRL Italy, the Consiglio Nazionale Dottori Commercialisti ed Esperti Contabili (the national professional and accounting association) and the University of Trento.

Feb2009 decree signed by the President of the Council of Ministers (Presidente del Consiglio dei Ministri Italiano) for the transmission of annual accounts in editable electronic format (XBRL criteria) to Business Register (1,200,000 annual accounts 2008) mandatory.

The 2007 taxonomy, has been applied to 900 balance sheets filed with XBRL format, attached to the usual practice of filing balance sheets.

The second version has been the subject of tests during 2008. Participants to the test, on a voluntary basis, included total of 9,905 balance sheets filed with XBRL format .

During 2010, over 800.000 balance sheets in XBRL will be attached to the usual practice of filing balance sheets.

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