Rivista del Diritto Commerciale e del diritto generale delle Obbligazioni

Abstract: The provision for pending litigation in the annual financial statements – The work focuses first on the general regulation of the “fund for risks”, the purpose of which is to provide accounting evidence of liabilities of a certain nature, the existence of which is certain or probable, but the amount or timing of which could not be determined at the end of the financial year. The study then discusses the function of these funds in respect of ongoing litigation, taking into account the relative duties of the management body, which is required to act in accordance with the principle of prudence.  

Sommario: 1. Le previsioni normative. – 2. I principi contabili. – 2.1. An. – 2.2. Quantum. – 3. Il ruolo degli amministratori. – 4. Il principio di prudenza e la liberazione dei fondi.

Keywords: Accounting — Annual balance sheet — provision and funds for risks — Pending litigation — Directors’ duties.