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30 Oct 2007
The government of Italy is set to introduce harsher penalties for those involved in cases of false accounting and misleading corporate statements.
Yesterday, an Italian government cabinet proposed a bill which detailed new measures that increase prison sentences from two to four years for those implicated and responsible for issuing false and misleading corporate information, Forbes.com reported.
The new bill also removes a proviso stating that a crime is not punishable if it does not affect a company's pre-tax results by more than 5 percent or its net assets by more than 1%.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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