ABSTRACT
On 22 October 2014 the European Council adopted the Directive 2014/95/European Union which mandates the Member States to issue regulations on the subject of non-financial information within the December 2016 and with effects starting from financial years ending on 31 December 2017. This was the further step of the European policy on transparency and business reporting, whose implementation begun with Directive 2003/51/European Commission’s. The disclosure of the non-financial information is to be compliant with specific national, Union-based or international reporting standard which the statement must expressly mention and identify. Member States are required to ensure that the statutory auditor or audit firm checks whether the non-financial statement has been provided; in addition to such auditor’s check, the states may require that the information in the non-financial statement be verified by an independent assurance services provider. On 26 June 2017 the Commission published, according to art. 2 of the Directive, guidelines for the arrangement of the non-financial statement.
