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Public Administration Group: management of publicly owned companies and participations
An integrated and transparent management of the asset, economic and financial information of the Public Administration Group is essential to ensure the effectiveness and sustainability of public action. For this reason, we support public administrations in strategic decision-making and in the coordination of their participation structures.
Management, governance and financial analysis within the Public Administration Group (GAP)
This is a complex area, characterised by interconnected relationships and careful assessments.
The management of publicly owned companies requires a structured oversight of the legal, economic and financial relationships that characterise the Public Administration Group (GAP), as well as an overall perspective focused on coordination and long-term sustainability.
At RSM, we support public administrations beyond the mere fulfilment of accounting and regulatory obligations. We consider consolidated financial statements and the management of publicly owned companies as strategic tools to support decision-making, improve efficiency, enhance transparency and strengthen the steering capacity of public action.
We support public entities throughout the various stages of the GAP lifecycle, from the definition and mapping of participations to the preparation of consolidated financial statements, through to financial analysis for performance monitoring and strategic decision support. Our services also include governance and control activities aimed at supporting coordination between the parent entity and its participations, as well as assistance in the establishment and divestment of shareholdings. The objective is to enable decision-makers to operate with greater confidence and assurance.
Our Services
- Review of participations held by the entity;
- Analysis of the objectives underlying each participation;
- Assessment of control bodies and allocation of responsibilities among participating entities;
- Analysis of the accounting data of publicly owned companies;
- Preparation of documentation required for consolidated financial statements.
- Definition of the Local Public Administration Group (GAP) and the consolidation scope;
- Collection and processing of data required for consolidation activities, with particular focus on intra-group transactions;
- Preparation of consolidated financial statements;
- Support in drafting the notes to the consolidated financial statements;
- Preparation of related documentation for external communication purposes and submission of XBRL files to BDAP.
Support in the implementation of concession and disposal procedures for available assets;
Preparation of financial and economic plans for asset management.
- Financial analysis supporting the establishment, review and divestment of participations, including related compliance requirements;
- Implementation of the internal control system, including:
- in-house control over publicly owned companies,
- management control,
- extended control over financial equilibrium;
- Support in assessing the economic and financial feasibility of establishing consortia among local authorities, in accordance with Legislative Decree 267/2000 and Legislative Decree 175/2016 (TUSP).
As a complement to the services described above, we also provide support on:
- Analysis of management soundness (due diligence) and regulatory compliance;
- Mapping of the current organisational structure and identification of areas for improvement.
