From statements counterfeiting to the reconstruction: financial inside-out of Parmalat case

The massive and large-scale impact caused by financial frauds and the media coverage of Parmalat case are factors that drew me to analyze the phenomenon from a multidisciplinary perspective. After a first theoretical outline of the phenomenon and the theories related to it, the main objective of the thesis is therefore to analyze the falsehoods perpetuated by Parmalat's management, the technical aspects related to the manipulation of the financial statements and their contribution to the apparent stability of the Group; Subsequently, given the gravity of the conditions in which the Group was in at the time of default, the focus shifts to the extraordinary administration procedure provided for by Italian law followed by a general overview of the guidelines implemented by the extraordinary commissioner for the recovery of the Group and its economic recovery. In conclusion, the thesis examines the concept of Corporate Governance, its progressive consolidation in the Italian and European economic and legislative context with the aim of emphasizing its relevance and beneficial effects.