Le valutazioni per il bilancio: possibili sviluppi, in Giurisprudenza. comm., 2015, I, 42 ss.

Under Italian jurisdiction annual financial statements disclosure proceeds on a double track: the smaller companies apply the Accounting Directives of the European Union based on the principle of historical cost valuation; listed companies and banks and financial companies apply IAS/IFRS based on the principle of fair value. The paper discusses new accounting directive n. 2013/34/UE, which allowes some deviations from historical cost at the expense of comparability (revalued fix assets; fair value accounting for certain financial instruments). On the other hand the IASB has adopted in 2011 a superstandard on “Fair Value Measurement”, IFRS 13; but also a Discussion Paper of a new Conceptual Framework, which includes some degree of rapprochement with prudential principle in the accounting measurement.