Financial reporting ‘opaque’ in PPP schemes

Inconsistent implementation and opaque financial reporting are features of public private partnership (PPP) schemes to build schools, according to a new report from Scottish accounting body ICAS.

In the report, ‘Losing control in joint ventures: The case of Building Schools for the Future’, ICAS warns the government needs to improve the accountability and transparency of how publicly funded services are being delivered by the private sector.

The research identified...

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