Normative analysis of International Accounting Standard of accounting for contracts for public-private partnerships

Abstract

This article deals with, in the context of the accounting convergence to international standards for publicly held companies to international standards, due to Law n°11.638/07, accounting for the concession arrangements contracts for public-private partnerships (PPP) by the operator when the objective is to perform the contract and/or operate infrastructure (roads, power distribution, water and other utilities). Such contracts generate various accounting tasks, with different economic characteristics, which give explanations and interpretations in the light of specific economic and accounting theories. It is performed with emphasis a literature review on PPP contract risks, specific accounting standards and discussion of disclosure of contracts risks. We conclude that although the standard has the objective to deal with the conflicts arising from economic events of the PPP, adjustments should be done due to lack of risk measurements on the standard.

Keywords

• pareceria público-privada (ppp)
• public-private partnership (ppp)
• contabilidade internacional
• international accounting
• riscos
• risks
• ifric12