INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS) ADOPTION AND QUALITY OF FINANCIAL REPORTING IN THE NIGERIAN PUBLIC SECTOR
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Department of Accountancy Enugu State University of Science and Technology.
Abstract
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The paper examines the impact of IPSAS adoption on the quality of financial reporting in the Nigerian public
sector. 164 respondents selected from the account departments of all government ministries under the Lagos
State public service were sampled for the study. The study used regression analysis method to investigate the
impact of IPSAS adoption on the quality of financial reporting in the Nigerian public sector. The study adopted
adjusted R2 as a primary metric for measuring the model specification. The regression result shows that IPSAS
adoption has a significant positive impact on the quality of financial reporting in the Nigerian public sector. This
paper recommends that regulatory authorities should adopt adequate measures to ensure compliance by those
saddled with the responsibility of preparing public sector financial statements. Also, measures should be taken
to enhance the disclosure of relevant financial information that will help users take useful economic decisions
Keywords
HF5601 Accounting, HJ Public Finance