CONSOLIDATED FINANCIAL STATEMENTS OF MUNICIPAL CORPORATION: LOCAL GAAP VERSUS INTERNATIONAL ACCOUNTING STANDARDS.

The study aims to analyse ad find the motivations behind the choice to adopt the National Accounting Standard ad hoc for the Consolidated Financial Statement of the Italian local Public authorities. The Italian Legislator provided the Annex 4/4 as the accounting standard different to the International Public Sector Accounting Standard (IPSAS), provided internationally. That kind of choice could be due to political pressures exerted by organizations and companies influencing the Italian legislator in making choices.