Ascesa e declino del principio di prudenza nel sistema contabile italiano: riflessioni critiche

This research is focused on the role of the prudence’s principle in the italian accounting system to evaluate its compatibility with the fair value method in the perspective of the international accounting harmonization. The author develop a theory based on the italian accounting tradition of the relationship among prudence’s principle, equity and the economic value of the undertakings. In this mean conservatism could represent an important element of continuity in the transition from cost accounting to fair value accounting.