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.