This paper analyses, in a critical perspective, the evolution in accounting for ‘concession arrangements'. It is aimed to verify: if the new regulatory framework is sufficiently clear to allow a transparent and coherent accounting of such operations, which is its effect on public and private...

This paper analyses the relation between regulation, accountability and accounting of concession contracts in three major sectors: motorways, utilities and energy. Firstly it identifies major problems in the accounting rules for concession contracts also analysing how political forces are...