Cooperatives

We offer a comprehensive and qualified auditing service, ensuring full compliance with the main relevant regulations:

• Financial statement certification (pursuant to Article 15 of Law No. 59/92) – For cooperative entities that are members of representative associations and/or registered in the Register of Cooperative Societies maintained by the Ministry of Business and Made in Italy;
• Extraordinary audit (pursuant to Article 2545-octies of the Italian Civil Code);
• Statutory audit (Article 2409-bis of the Italian Civil Code and Article 14 of Legislative Decree 39/2010);
• Auxiliaries of the Board of Statutory Auditors/Single Auditor in the auditing activities and preparation of working papers.

Furthermore, we support cooperatives in preparing financial statements in accordance with International Financial Reporting Standards (IFRS), through:

• Analysis of differences with Italian accounting principles;
• Identification of accounting impacts and definition of requirements for separate and consolidated financial statements;
• Development of the IFRS Adoption Plan.

Our support continues in the drafting and certification of the social balance sheet in compliance with the guidelines of the Ministry of Labor and Social Policies (Ministerial Decree of 4 July 2019), offering:

• Assistance with the social reporting process;
• Certification that the social report complies with ministerial guidelines.

We support cooperatives on their journey towards sustainability reporting (ESG), both mandatory and voluntary, with services that include:

• Specific training for working groups;
• Risk assessment based on the sector;
• Support in preparing ESG disclosures;
• Assurance, including professional opinions on sustainability reporting.

Correct application of industry regulations is crucial to the proper functioning of cooperatives. Crowe Bompani offers specialized support in:

• Drafting articles of incorporation, bylaws and regulations;
• Article adjustments to current regulations;
• Assistance with tax benefits for cooperatives;
• Management of relationships with Supervisory Bodies;
• Governance support and assistance in cases of ordinary and extraordinary inspections pursuant to Legislative Decree 2020/02 by Associations or the Ministry of Business and Made in Italy;
• Governance support and assistance for Confidi in cases of inspections by Supervisory Bodies;
• Support services for compliance with industry regulations and supervisory regulations;
• Support in extraordinary transactions (mergers, transformations, etc.);
• Training.

Finally, our IT team supports cooperatives in digitalization and security processes through:

• Privacy: analysis, adaptation, training and verification of minimum-security measures;
• Cybersecurity: assessment of IT systems and definition of security policies;
• Certifications: consulting support for obtaining ISO and SOA certifications;
• Occupational safety: compliance with current legislation (Law 81/08);
• IT Advisory: design and improvement of internal IT controls.