ITAS 2

ITAS 2 - Accounting policies, changes in accounting estimates, correction of errors and events after the reporting period

Article 9, paragraph 14, of the Decree Law of 6 November 2021, n. 152, converted, with amendments, by Law 29 December 2021, n. 233, has delegated to the governance Structure, established with Resolution of the State General Accountant no. 35518 of 5 March 2020, the implementation of activities related to the implementation of Reform 1.15 of the National Recovery and Resilience Plan, called "Equipping public administrations with a single accrual economic-asset accounting system".

The procedure (due process) for establishing the Conceptual Framework and Standards (ITAS), contained in the Governance Structure Regulation, provides that the ruling proposals drawn up by the Standard Setter Board are subject, before final approval by the Committee Board, to a public consultation phase aimed at all stakeholders interested in the future implementation of the accounting reform, in order to acquire any opinions and contributions.

In relation to the objectives (milestones) of the aforementioned Reform, to be implemented by 2023, the governance structure has recently completed the technical development phase of the proposal for the establishment of the ITAS 2 standard - Accounting policies, changes in accounting estimates, correction of errors and events occurring after the close of the financial year.

ITAS 2 - Accounting policies, changes in accounting estimates, correction of errors and events occurring after the end of the financial year is subject to public consultation from July 20 to September 30, 2022. The opinions and contributions of stakeholders must be sent, within the terms above, using only the specific form, to the e-mail address of the Technical Secretariat of the Governance Structure: rgs.segreteriatecnicassb@mef.gov.it.