Le particolari esigenze di Accountability delle società pubbliche

In the last decades, it has been a common habit of Italian Central and Local Governments to set limited companies to produce public services, such as for example public transportation, or even just to produce services instrumental to their own functioning such as data processing, maintenance and the like. As they are mostly funded through public funds and pursue public purposes, they often present a public-style accountability. Nonetheless, since they have been incorporated under private sector regulation, in a bizarre prevalence of form, they generally just have to comply with private sector reporting requirements.This significantly impairs the effectiveness of their financial reporting system and limits the control ability of the relevant public authorities. The study advocates a sound change in Italian SOE reporting model and highlights a first set of minor possible amendments to the current financial reporting model.