La Accountability Delle Società Partecipate Dalle Pubbliche Amministrazioni : Peculiarità Ed Esigenze Di Adeguamento Del Modello Di Financial Reporting (The Accountability of Italian State Owned Enterprises)

In the last decade, Italian local Governments have made a massive use of limited companies to produce and to distribute public services, such as transportations, water maintainance, IT and the like. The public nature of the goals they are required to achieve and the public nature of the funds they use affect their accountability in such a way to make necessary a quite different reporting model from the one currently used by any other limited companies. Nonetheless, according to Italian legislation, local and central Goivernment owned enterprises are required to comply with the same reporting regulation existing for any other limited company and this create a lack of control that is responsabile of the massive misuse of public funds these companies have made over the years