Annual and consolidated financial statements – from the local accounts to international consolidation

Italian subsidiaries, branches and permanent establishments of foreign companies frequently face the challenge of reconciling local financial reporting obligations with the reporting requirements of international groups. A structured and consistent setup of the related business units creates the basis for transparency and reliable financial information.

Financial statements in a local and international context

Our auditors prepare annual financial statements in accordance with the Italian OIC accounting standards (ITA – GAAP) as well as consolidated financial statements under IAS/IFRS. The services include the balance sheet, income statement, notes, cash flow statement and management report, as well as group consolidations including intercompany reconciliation and currency translation. Digital closing processes and robust documentation ensure efficient and legally compliant procedures.

Our core areas of expertise include IFRS conversions, first-time consolidations, the preparation of financial statements in the context of corporate restructurings and international expansions, as well as the preparation of financial statements for consortia, consortium companies, and cooperatives in accordance with the applicable Italian commercial and accounting regulations. We address accounting issues with an international dimension in close collaboration with our tax and transfer pricing specialists.

Your contacts

Dott. Comm. Josef Vieider

Dott. Comm. Alessandro Zanellato

Dott. Comm. Stefan Lanznaster

Dott. Comm. Thomas Pichler

Dott. Comm. Sabrina Tabiadon

Newsletter

Our newsletters – Useful Updates on Tax and Legal Matters

13.08.2026, Newsletter No. 35/2026

Corrective decree to the tax reform of 7 August 2026 – other changes

Legislative Decree No. 148 of 7 August 2026 introduces numerous further corrections to the tax reform – from income from employment to business and financial income, from VAT to tax assessment and the two-year advance agreement.

12.08.2026, Newsletter No. 34/2026

Corrective decree of 7 August 2026 and its effects on the mixed use of company cars

The corrective decree of 7 August 2026 (Legislative Decree No. 148/2026) standardises the calculation of the benefit in kind for the mixed use of company cars with retroactive effect from 1 January 2026 and at the same time introduces two new surcharges on the benefit-in-kind value.

View all newsletters