Application No 3 “IFRIC 12 – Accordi per servizi in concessione” published

The Executive Board of the OIC has published the Application No 3 “IFRIC 12 – Accordi per servizi in concessione”. The document deals with the changes introduced by the Interpretation IFRIC 12, approved in March 2009, which significantly changed the accounting for companies operating in industries regulated by specific concessions and also provides some useful elements for its application in Italy.