Recognition and disclosure of assets and liabilities (ANDON, 2012ANDON, P. Accounting-related Research in PPPs/PFIs: Present Contributions and Future Opportunities. Accounting, Auditing, Accountability Journal, v. 25, n. 5, pp. 876-924, 2012, <https://doi.org/10.1108/09513571211234286>.
https://doi.org/10.1108/0951357121123428...
; HEALD; GEORGIOU, 2011HEALD, D. A.; GEORGIOU, G. The Substance of Accounting for Public‐Private Partnerships Financial Accountability. Management, v. 27, n. 2, pp. 217-247, 2011, <http://dx.doi.org/10.1111/j.1468-0408.2011.00523.x>.
http://dx.doi.org/10.1111/j.1468-0408.20...
) |
Accounting standards should ensure an effective way to measure and disclose assets and liabilities arising from PPP contracts. In Brazil, are the requirements of the Manual de Contabilidade e Manual de Demonstrativos Fiscais being met in a timely and clear manner (in accordance with the fundamental characteristics of accounting information)? Are they sufficient to prevent contracted PPPs from exceeding established budget limits? |
Accountability and transparency (REYNAERS; GRIMMELIKHUIJSE, 2015REYNAERS, A. M., GRIMMELIKHUIJSE, S. Transparency in public-private partnerships: Not so bad after all? Public Administration, v. 93, n. 3, pp. 609-626, 2015, <https://doi.org/doi:10.1111/padm.12142>.
https://doi.org/doi:10.1111/padm.12142...
; BOATENG; STAFFORD; STAPLETON, 2017BOATENG, C. A.; STAFFORD, A.; STAPLETON, P. The role of structure in manipulating PPP accountability. Accounting, Auditing , Accountability Journal, v. 30, n. 1, pp. 119-144, 2017, <https://doi.org/10.1108/AAAJ-01-2014-1590>.
https://doi.org/10.1108/AAAJ-01-2014-159...
) |
The accounting information contained in the statements and reports must be available and easily accessible. In addition to the availability of this information, comprehensibility may be affected by some factors due to the amount of technical and specialized requirements that the contract may bring. According to the assumptions of Agency Theory, the amount of layers between society and government can lead to a higher level of information asymmetry, greater conflicts and agency costs. |
Evaluation of the merits of PPPs in the contracting phase (VILLANI, GRECO, PHILLIPS, 2017VILLANI, E.; GRECO, L.; PHILLIPS, N. Understanding Value Creation in Public-Private Partnerships: A Comparative Case Study. Journal of Management Studies, v. 54, n. 6, p. 876-905, 2017, <http://doi:10.1111/joms.12270>.
http://doi:10.1111/joms.12270...
). |
From a managerial point of view, where accounting information supports decision-making, the correct risk and benefit measures that PPPs may cause throughout the long-term contract must be observed. Initial studies on the feasibility and merit of PPPs should take into account the budgetary and fiscal impacts that potential obligations will entail. In addition, stakeholder participation should be considered in partnership planning and appropriate governance arrangements that make it work while preserving democratic values. |
Performance evaluation and quality of service monitoring (BOYER, NEWCOMER, 2015BOYER, E. J.; NEWCOMER, K. E. Developing government expertise in strategic contracting for public-private partnerships. Journal of Strategic Contracting and Negotiation, v. 1, n. 2, pp. 129 - 148, 2015, <http://dx.doi.org/10.1177/2055563615592739>.
http://dx.doi.org/10.1177/20555636155927...
) |
Post-hiring evaluations of the private partner should consider payments based on pre-established contract performance. Quality monitoring mechanisms are needed to prevent private partners from using informational asymmetry to charge readjustments to the public partner, such monitoring can be ensured through audit reports, the appointment of a technical team responsible for contract enforcement, and through of social control. |
