Hard times for all the corporate directors who have not equipped their company with an organizational, administrative and accounting system, capable to find the signs of a future crisis: with the Crisis and Insolvency Code, Legislative Decree 14/19 of 16th March 2019, the directors must respond with personal assets because of non-compliance. Quantitative control tools are able to detect a crisis when it is already in place and has already produced tangible negative effects, while this reform, also called Bankruptcy Reform, aims to favour the rapid identification of alarms for a future crisis, the reorganization of companies and a check on their economic and financial balance. For this reason, it is necessary to adopt a suitable Planning and Management Control model with particular attention to the symptomatic parameters of the (financial) business crisis. There are news also for companies with at least 20 employees on average, or with revenues exceeding € 4 million: the appointment of an accounting auditor is required. In order to outline and summarize the changes of the three articles of the Civil Code (2086, 2476 and 2477) present in the ICC reform:
1) responsibility of the administrators of the S.r.l. towards creditors;
2) obligation for the S.r.l. to organize a Management Control System;
3) obligation to appoint an accounting auditor for the S.r.l. with at least 20 employees or at least 4 million in revenues.