External auditing in Italian banks listed on the stock market

This chapter explores the auditing activity in listed banks in the Italian scenario. A short in-
troduction referred to the Italian listed banks and an overview of their auditors open the
chapter. Considering the civil law context characterizing the Italian environment, the regu-
lations regarding the auditing of listed banks are explored. In this regard, the Legislative
Decree 39/2010 implementing the Directive 2006/43/EC on statutory audits and the recent
adoption of ISA with some interpretation/application notes localizing the standards in re-
spect of Italian law and regulation (the so-called ISA Italy) are considered. The auditing
activity of banks is also analysed in its different moments considering the peculiarity of
banks.