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Key Facts: Revisore Legale Exam

D.Lgs. 39/2010

Primary Italian statutory auditor legislation

Gazzetta Ufficiale n. 68/2010

D.M. 63/2016

Ministerial regulation establishing examination structure

MEF / Ministero della Giustizia

3 written + 1 oral

Official examination format in Italian

D.M. 63/2016 Art. 5

18/30 written; 21/30 oral

Minimum passing grades

D.M. 63/2016 Arts. 9 and 10

€100 + €16 bollo

Official examination contribution fee via PagoPA

MEF Portale Revisione Legale

36 months

Mandatory traineeship (tirocinio) prerequisite

D.Lgs. 39/2010 Art. 3

English MCQ adaptation

Independent study resource by OpenExamPrep

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The Italian Statutory Auditor Examination (Esame di idoneità professionale per l'abilitazione all'esercizio della revisione legale) is the national qualification administered by MEF in concert with the Ministry of Justice for entry into the Registro dei Revisori Legali under D.Lgs. 39/2010. It features three written papers on economic, legal, and practical statutory-audit subjects, plus an oral examination in Italian. This independent OpenExamPrep bank provides English-language MCQ study practice across ISA Italia standards, ethics, corporate law, and accounting standards.

Sample Revisore Legale Practice Questions

Try these sample questions to review concepts for the Revisore Legale exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 30+ question experience with AI tutoring.

1Under ISA Italia 200, how is the Audit Risk Model structured and what is the mathematical relationship between the Risk of Material Misstatement (RMM) and Detection Risk (DR)?

A.Audit Risk = Inherent Risk + Control Risk + Detection Risk; when RMM increases, the auditor may increase acceptable Detection Risk to maintain overall risk constant

B.Audit Risk = Risk of Material Misstatement (Inherent Risk × Control Risk) × Detection Risk; there is an inverse relationship between assessed RMM and acceptable Detection Risk

C.Audit Risk = Detection Risk / (Inherent Risk × Control Risk); Detection Risk is entirely determined by entity management through internal controls

D.Audit Risk = Control Risk × Detection Risk; Inherent Risk is disregarded whenever internal accounting controls are assessed as operating effectively

Explanation: According to ISA Italia 200, Audit Risk is the product of the Risk of Material Misstatement (comprising Inherent Risk and Control Risk) and Detection Risk (AR = RMM × DR). Because the auditor cannot alter inherent or control risks existing within the entity, there is an inverse relationship: when the assessed RMM increases, acceptable Detection Risk must decrease, requiring more persuasive substantive audit procedures.

2Under ISA Italia 320, which benchmark is typically most appropriate when establishing planning materiality (significatività per il bilancio nel suo complesso) for a profit-oriented commercial operating company with stable earnings?

A.Profit before tax from continuing operations (utile prima delle imposte)

B.Total statutory share capital (capitale sociale sottoscritto)

C.Total non-current intangible assets (immobilizzazioni immateriali)

D.Annual gross research and development expenditures (costi di ricerca e sviluppo)

Explanation: ISA Italia 320 explains that an auditor selects a benchmark by considering the elements and measures important to users of the entity's financial statements. For a profit-oriented commercial entity with stable earnings, profit before tax from continuing operations is often an appropriate benchmark, but the standard requires professional judgment rather than a fixed mandatory percentage.

3An auditor is planning the statutory audit of an industrial manufacturing company. Normalized profit before tax is €2,400,000. The auditor sets planning materiality at 5% of profit before tax. Based on assessed risk of material misstatement, the auditor determines performance materiality (significatività operativa) at 70% of planning materiality, and sets the threshold for clearly trivial misstatements (limite di trascurabilità) at 5% of planning materiality. What are the resulting amounts for planning materiality, performance materiality, and the clearly trivial threshold?

A.Planning materiality = €120,000; Performance materiality = €84,000; Clearly trivial threshold = €6,000

B.Planning materiality = €120,000; Performance materiality = €96,000; Clearly trivial threshold = €12,000

C.Planning materiality = €240,000; Performance materiality = €168,000; Clearly trivial threshold = €12,000

D.Planning materiality = €60,000; Performance materiality = €42,000; Clearly trivial threshold = €3,000

Explanation: Planning materiality is €2,400,000 × 5% = €120,000. Performance materiality is €120,000 × 70% = €84,000, and the specified clearly trivial threshold is €120,000 × 5% = €6,000. These percentages are assumptions supplied by the scenario, not universal percentages prescribed by ISA Italia 320 or 450.

4Under ISA Italia 315, internal control is analyzed across five interconnected components derived from the COSO framework. Which element belongs to the 'Control Environment' (Ambiente di controllo) component?

A.Automated matching of supplier purchase orders with receiving reports and vendor invoices in the ERP system

B.Management's philosophy, operating style, and commitment to integrity and ethical values demonstrated through corporate governance

C.The physical reconciliation of warehouse stock counts against general ledger inventory records performed at year-end

D.The ongoing internal audit evaluations designed to determine whether internal control policies are functioning across business units

Explanation: Under ISA Italia 315, the control environment encompasses governance and management functions, including the tone set by leadership regarding integrity, ethical behavior, organizational structure, assignment of authority, and human resource policies. Automated purchase matching and physical stock reconciliation are control activities, while internal audit evaluations are monitoring activities.

5When inventory is material to the financial statements, what is the auditor's primary responsibility regarding physical inventory counting under ISA Italia 501?

A.Directly executing the complete physical counting of every single inventory item on behalf of the company's warehouse staff

B.Attending the physical inventory count to evaluate management's instructions, observe count procedures, inspect inventory condition, and perform test counts

C.Relying entirely on management's year-end inventory certificate without visiting any operating warehouses or production plants

D.Delegating the observation of inventory counts exclusively to the company's statutory board of auditors (collegio sindacale)

Explanation: ISA Italia 501 requires that if inventory is material, the auditor obtain sufficient appropriate evidence about its existence and condition by attending the physical count unless attendance is impracticable. Attendance includes evaluating management's instructions, observing the count, inspecting inventory, and performing test counts.

6In a Monetary Unit Sampling (MUS) application for testing trade receivables under ISA Italia 530, the population book value is €6,000,000 and the sampling interval is calculated as €150,000. An account with a recorded book value of €180,000 is selected for testing. Audit verification reveals that the audited value is €144,000 (an overstatement error of €36,000). How is this error treated when projecting sample results to the population?

A.The tainting percentage is calculated as 20% (€36,000 / €180,000) and multiplied by the sampling interval of €150,000, producing a projected misstatement of €30,000

B.Because the item's book value exceeds the sampling interval (€180,000 > €150,000), it is a top-stratum item audited 100%, and the actual error of €36,000 is added directly to total misstatement without sample interval projection

C.The error is multiplied by the population size (€36,000 × 40 items = €1,440,000) and immediately deducted from company equity

D.The item is discarded from the sample because MUS sampling rules forbid selecting items with values larger than the sampling interval

Explanation: In Monetary Unit Sampling, an item whose recorded amount exceeds the sampling interval is selected with certainty and is tested individually. Its actual €36,000 overstatement is therefore included directly in the evaluation rather than projected by applying a tainting percentage to the interval.

7Under ISA Italia 560 and Italian accounting standards (OIC 29), how is an event occurring after the balance sheet date but before financial statement approval classified if it provides evidence of conditions that existed at the balance sheet date (evento successivo che richiede variazione)?

A.An adjusting event requiring the recognized amounts to be updated, such as a customer's bankruptcy confirming year-end insolvency

B.A non-adjusting event that may require note disclosure but never changes recognized amounts

C.An event considered only in the next annual financial statements, even when it confirms a year-end condition

D.An event requiring adjustment only if the shareholders have already approved the financial statements

Explanation: ISA Italia 560 and OIC 29 distinguish events that provide evidence of conditions existing at the reporting date from events indicating conditions that arose later. The first category requires the financial-statement amounts to be adjusted; the second may require disclosure when material.

8Alfa S.p.A. faces serious liquidity constraints and debt covenant breaches, but management has formulated a credible debt restructuring agreement that is currently under negotiation. The auditor concludes that the use of the going concern assumption is appropriate, but a material uncertainty exists (incertezza significativa) that is adequately and fully disclosed in the notes (nota integrativa). Under ISA Italia 570, what opinion should the auditor issue?

A.An unmodified opinion (giudizio senza rilievi) with a dedicated section titled 'Material Uncertainty Related to Going Concern' (Incertezza significativa relativa alla continuità aziendale)

B.A qualified opinion (giudizio con rilievi) stating that the notes are defective because of the debt restructuring negotiations

C.An adverse opinion (giudizio negativo) because any material uncertainty regarding going concern automatically invalidates the balance sheet

D.A disclaimer of opinion (impossibilità di esprimere un giudizio) because auditors are legally barred from issuing opinions during debt renegotiations

Explanation: ISA Italia 570 requires an unmodified opinion plus a separate Material Uncertainty Related to Going Concern section when the going concern basis remains appropriate and the material uncertainty is adequately disclosed. The section draws attention to the disclosure without modifying the opinion.

9If an entity has prepared its financial statements on a going concern basis, but the statutory auditor obtains audit evidence demonstrating that management intends to liquidate the entity or has no realistic alternative but to do so, what audit opinion must be expressed under ISA Italia 570?

A.An unmodified opinion with an Emphasis of Matter paragraph drawing attention to the liquidation plan

B.An adverse opinion (giudizio negativo), regardless of whether the financial statements disclose the inappropriateness of the going concern assumption

C.A qualified opinion (giudizio con rilievi) because the matter is material but confined to future operations

D.A disclaimer of opinion because management's liquidation intention prevents any conclusion about the accounting basis

Explanation: When financial statements use the going concern basis even though that basis is inappropriate, ISA Italia 570 requires an adverse opinion. The problem is a pervasive misstatement in the basis of preparation, not merely a disclosed uncertainty or an inability to obtain evidence.

10An auditor tests a stratum of trade receivables with a total book value of €5,000,000. The auditor draws a representative sample of 50 accounts with a combined book value of €1,000,000. Audit testing reveals total overstatement misstatements of €15,000 within this sample. Using the ratio projection method under ISA Italia 530, what is the projected misstatement for this stratum?

A.€15,000

B.€75,000

C.€300,000

D.€150,000

Explanation: The sample misstatement ratio is €15,000 / €1,000,000 = 1.5%. Applying that ratio to the €5,000,000 stratum gives a projected misstatement of €75,000.

About the Revisore Legale Exam

The Esame di idoneità professionale per l'abilitazione all'esercizio della revisione legale is the official Italian statutory auditor qualifying examination established under Legislative Decree 39/2010 and Ministerial Decree 63/2016. Successfully passing this examination is the statutory prerequisite for registration in the national Register of Statutory Auditors (Registro dei Revisori Legali) maintained by the Ministry of Economy and Finance (MEF). The examination is administered directly by the MEF's Department of State General Accounting (Ragioneria Generale dello Stato) in concert with the Ministry of Justice, independently from the university-based Esame di Stato per Dottore Commercialista. The full examination comprises three written papers (Paper 1 on economic and accounting disciplines, Paper 2 on legal and tax disciplines, and Paper 3 on practical auditing procedures and case analysis) followed by a comprehensive oral examination in Italian. This practice question bank is an independent English-language MCQ study adaptation created by OpenExamPrep for self-assessment, conceptual review, and quantitative problem-solving.

Exam sponsor: Ministero dell'Economia e delle Finanze (MEF) — Ragioneria Generale dello Stato, in concert with Ministero della Giustizia. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

The statutory auditor qualification examination is convened by the Italian Ministry of Economy and Finance (MEF) / Ragioneria Generale dello Stato in concert with the Ministry of Justice under D.Lgs. 39/2010 and D.M. 63/2016. It consists of three written papers and an oral examination in Italian: Paper 1 covers economic, financial, and accounting disciplines; Paper 2 covers civil, commercial, corporate, insolvency, and tax law; Paper 3 tests statutory-auditing techniques and standards through a practical exercise. In the latest published session, the written papers lasted 2, 2, and 3 hours respectively, and the oral was capped at 60 minutes. Candidates need at least 18/30 in each written paper and 21/30 in the oral. Qualified commercialisti may receive exemptions from the first two written papers and corresponding oral subjects under D.M. 63/2016. OpenExamPrep provides an independent English-language MCQ study adaptation.

Time Limit

Latest published session: 7 hours across three written sessions (2h + 2h + 3h), plus an oral examination capped at 60 minutes

Passing Score

Minimum 18/30 in each written paper and 21/30 in the oral examination

Exam / Certification Fees

€100 examination contribution fee (plus €16 imposta di bollo), payable via PagoPA

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

Paper 3 / oral

Principi di Revisione Internazionali (ISA Italia) e Tecniche di Revisione

ISA Italia standards, audit planning, risk assessment (ISA Italia 315), materiality (ISA Italia 320/450), audit procedures and evidence (ISA Italia 500/501/505), sampling (ISA Italia 530), accounting estimates (ISA Italia 540), going concern (ISA Italia 570), and group audits (ISA Italia 600).

Paper 3 / oral

Deontologia, Indipendenza e Disciplina della Revisione Legale

D.Lgs. 39/2010, EU Directive 2006/43/EC and 2014/56/EU, Code of Ethics, independence threats and safeguards (Art. 10 D.Lgs. 39/2010), engagement terms and duration, civil and penal liability of auditors (Art. 15 and 27), and MEF/Consob supervision.

Paper 1 / oral

Contabilità, Bilancio d'Esercizio OIC/IFRS e Analisi Finanziaria

Italian Civil Code financial statements, OIC accounting standards (OIC 9, 11, 12, 13, 15, 16, 23, 24, 28, 31), international standards (IFRS/IAS), cash flow statement (OIC 10), financial statement ratio analysis (ROE, ROI, current ratio), and cost control.

Paper 2 / oral

Diritto Societario, Crisi d'Impresa (CCII) e Diritto Tributario

Italian corporate governance (S.p.A., S.r.l., Collegio Sindacale duties Art. 2403/2409-bis c.c., capital protection Art. 2446/2447 c.c.), Codice della crisi d'impresa e dell'insolvenza (CCII / early warnings Art. 25-octies), corporate taxation (IRES, IRAP, IVA), and labor/TFR.

Cross-paper / oral

Relazione di Revisione, Enti di Interesse Pubblico (EIP) e Sostenibilità

Audit reporting (ISA Italia 700/705/706), Key Audit Matters (ISA Italia 701), Public Interest Entities (EIP) special regime (mandatory rotation, prohibited non-audit services, Audit Committee Art. 19), and CSRD sustainability assurance (D.Lgs. 125/2024 / ESRS).

Preparing for the Revisore Legale Exam

What You Need to Know

Passing score: Minimum 18/30 in each written paper and 21/30 in the oral examination
Assessment: The statutory auditor qualification examination is convened by the Italian Ministry of Economy and Finance (MEF) / Ragioneria Generale dello Stato in concert with the Ministry of Justice under D.Lgs. 39/2010 and D.M. 63/2016. It consists of three written papers and an oral examination in Italian: Paper 1 covers economic, financial, and accounting disciplines; Paper 2 covers civil, commercial, corporate, insolvency, and tax law; Paper 3 tests statutory-auditing techniques and standards through a practical exercise. In the latest published session, the written papers lasted 2, 2, and 3 hours respectively, and the oral was capped at 60 minutes. Candidates need at least 18/30 in each written paper and 21/30 in the oral. Qualified commercialisti may receive exemptions from the first two written papers and corresponding oral subjects under D.M. 63/2016. OpenExamPrep provides an independent English-language MCQ study adaptation.
Time limit: Latest published session: 7 hours across three written sessions (2h + 2h + 3h), plus an oral examination capped at 60 minutes
Exam / certification fees: €100 examination contribution fee (plus €16 imposta di bollo), payable via PagoPA Official sources

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Revisore Legale: Suggested Study Strategy

1Master the Italian auditing standards (ISA Italia), focusing particularly on ISA Italia 315 (risk assessment and internal control), ISA Italia 320/450 (materiality and evaluation of misstatements), and ISA Italia 570 (going concern / continuità aziendale).

2Understand the exact corporate governance mechanisms under the Italian Civil Code, especially the statutory division of responsibilities between the administrative body, the Collegio Sindacale (Art. 2403 c.c.), and the external statutory auditor (Art. 2409-bis c.c.).

3Pay close attention to auditor independence rules and prohibited non-audit services (blacklist) under D.Lgs. 39/2010 (Art. 10 and 17) and EU Regulation 537/2014 for Public Interest Entities (EIP).

4Practice quantitative financial computations, including inventory valuation methods under OIC 13, bad debt provisioning under OIC 15, impairment testing under OIC 9, and key financial ratios (ROE, ROI, current ratio, DSCR).

5Study the provisions of the Corporate Crisis and Insolvency Code (CCII - D.Lgs. 14/2019), especially the auditor's early warning duty under Art. 25-octies CCII and organizational adequacy under Art. 2086 c.c.

Frequently Asked Questions

What is the Esame di idoneità professionale per Revisore Legale and who administers it?

The examination is the official national professional qualification test for admission to the Register of Statutory Auditors (Registro dei Revisori Legali). Under Legislative Decree 39/2010 and Ministerial Decree 63/2016, it is administered directly by the Ministry of Economy and Finance (MEF) — Ragioneria Generale dello Stato in concert with the Ministry of Justice, independently from the university-administered commercialista examinations.

What is the official format, duration, and passing score of the examination?

The full examination consists of three written papers followed by an oral examination in Italian. In the latest published session, Paper 1 covered economic and accounting subjects (2 hours), Paper 2 covered legal subjects (2 hours), and Paper 3 was a practical statutory-audit exercise (3 hours); the oral was capped at 60 minutes. Candidates must achieve at least 18/30 in each written paper and at least 21/30 in the oral examination.

How does this examination differ from the commercialista exam (Dottore Commercialista)?

The commercialista state exam is administered by universities under the Ministry of University and Research (MUR) and qualifies individuals for the Albo dei Dottori Commercialisti ed Esperti Contabili. Candidates qualifying as commercialisti may sit for supplementary tests (prove integrative) or obtain exemptions from the first two written papers of the MEF revisore legale exam under D.M. 63/2016, but the MEF statutory auditor examination is an autonomous national assessment specifically certifying statutory auditing competence.

What are the prerequisites to register for the statutory auditor examination?

Applicants must hold a degree admitted under D.M. 145/2012, which includes L-18 or L-33 three-year degrees as well as listed master's, old-system, and equivalent degrees, and must have completed the at-least-three-year statutory-audit traineeship registered with MEF. Candidates should check the current call for its documentary requirements.

What are the official examination fees?

Candidates must pay an examination contribution fee of €100 via the PagoPA electronic payment system during the application window on the MEF Revisione Legale portal, along with a €16 statutory revenue stamp (imposta di bollo).

Does this OpenExamPrep question bank replicate the official Italian examination papers?

No. The published official MEF examination materials are in Italian and use open-response written papers, a practical audit exercise, and an oral examination. This independent English-language MCQ study adaptation is not an official translation, a simulation of the official format, or a substitute for open-response and oral-performance practice.

What is the latest published MEF examination session?

As checked on September 16, 2026, the MEF examination hub identifies the 2024 call as its latest published session. Its written papers were held on May 8-9, 2025, and its oral examinations on September 15-17, 2025. Candidates should consult the MEF Revisione Legale portal for the next call.