Consolidated financial statements & intercompany reconciliations
Consolidated financial statements & intercompany reconciliations
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.
The consolidated accounts build on the separate financial statements – see annual accounts.
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.
For ongoing reporting to shareholders and banks see financial reporting.
Your contacts
Dott. Comm. Josef Vieider
Dott. Comm. Josef Vieider
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Josef Vieider
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Alessandro Zanellato
Dott. Comm. Alessandro Zanellato
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Alessandro Zanellato
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Stefan Lanznaster
Dott. Comm. Stefan Lanznaster
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Stefan Lanznaster
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Thomas Pichler
Dott. Comm. Thomas Pichler
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Thomas Pichler
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Sabrina Tabiadon
Dott. Comm. Sabrina Tabiadon
Email: [email protected]
Phone: +39 0471 288 333
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Dott. Comm. Sabrina Tabiadon
Email: [email protected]
Phone: +39 0471 288 333
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Newsletter
Our newsletters – Useful Updates on Tax and Legal Matters
22.09.2026, Newsletter no. 38/2026
Periodic reporting by delegated directors – reminder for the first half of 2026
Delegated directors must report to the board of directors and the statutory auditors at least every six months on business performance, outlook and major transactions. The documentation for the first half of 2026 should be completed within the third quarter.
02.09.2026, Newsletter No. 36/2026
Refund of foreign VAT – applications for 2025 to be filed by Wednesday, 30 September 2026
Companies and self-employed professionals may claim a refund of VAT paid in other EU Member States during 2025 up to 30 September 2026. We summarise the procedure, deadlines, minimum amounts and documentation requirements.