Draft application guidance on “I bilanci di liquidazione delle imprese IAS compliant” published for comment

The Executive Board of the OIC has published for comment the draft Application guidance “I bilanci di liquidazione delle imprese IAS compliant”.

The purpose of the document is to identify the principles and basis to prepare financial statements and other financial reports in case of liquidation that are to be prepared under the civil code and the national accounting standard OIC No 5 Bilanci di liquidazione,  by entities that are IAS compliant.

The document is open for comment until 22 February 2010.