Italians propose tougher penalties for false accounting

Italian government seeks to increase prison sentence for those involved in issuing misleading corporate information

Written by Penny Sukhraj

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.

Advertisement

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%.

Tags:

  • Have your say
  • Send to a friend
  • Share
  • Print

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

The Top 50 +50 survey 2009

All the news, views and analysis on our 2009 Top...

Elizabeth Rumsey, Virgin Galactic's FD

Profile: Elizabeth Rumsey, Virgin Galactic's FD

While Richard Branson and his Virgin Galactic team chase the...

How To guides

The archive of Accountancy Age's How To guides

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Should chancellor Alistair Darling lose his job for claiming for tax advice?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement

Advertisement