The Financial Reporting Quality (FRQ) refers to better information dissemination across different users. It remains a prevalent factor for organizations' performance and survival. The public sector in many countries, have witnessed considerable changes in the past decades. The prominent one being the International Public Sector Accounting Standards (IPSAS) for the public sector entities. Drawing on contingency and institutional theories, this study examine the perception of directors of finance regarding the effects of professionalism on the relationship between staff competency and FRQ under a new accounting standard. Using survey research approach and self-administered questionnaire, data were gathered from 118 directors of finance representing local governments of four States in the north-west geographical zone of Nigeria. The Partial Least Squares Structural Equation Modeling (PLS-SEM) revealed a significant positive relation between staff competence and FRQ. Conversely, no significant effect was found in the interaction of professionalism on the model. The study implication was discussed in the context of Nigeria. ABSTRAKKualiti pelaporan kewangan (KPK) merujuk kepada penyebaran maklumat yang lebih baik merentasi pengguna yang berbeza. Oleh itu, KPK menjadi faktor yang penting untuk prestasi dan kelangsungan kewujudan sesebuah organisasi. Sektor awam di kebanyakan negara telah menyaksikan perubahan ketara dalam beberapa dekad yang lalu. Antara yang penting adalah Piawaian Perakaunan Sektor Awam Antarabangsa (IPSAS) untuk entiti-entiti sektor awam. Berdasarkan kepada teori kontinjensi dan teori institusional, kajian ini menguji kesan profesionalisme ke atas hubungan antara kecekapan staf dan KPK di bawah piawaian perakaunan baru. Dengan menggunakan pendekatan penyelidikan tinjauan dan soal selidik, data telah dikumpulkan daripada 118 pengarah kewangan di kerajaan-kerajaan tempatan dari empat buah negeri yang terletak di zon geopolitik utara-barat Nigeria. Keputusan daripada analisis yang menggunakan "Partial Least Squares Structural Equation Modelling" (PLS-SEM) menunjukkan hubungan positif yang signifikan antara kecekapan staf dan KPK. Sebaliknya, tiada kesan yang signifikan ditemui dalam interaksi profesionalisme terhadap model kajian. Implikasi kajian dibincangkan dalam konteks Nigeria.
Reforms in the public sector, the world over, has taken a global dimension towards harmonization and convergence of international and national accounting systems for the promotion of useful and standardized financial reporting practices. At the centre of this change is the adoption and application of the international public sector accounting standards (IPSAS) by public sector entities. The cash-basis IPSAS is one of the IPSAS which supports the presentation of the general purpose financial statement (GPFS) for new adopters that intend to migrate to full accrual-based IPSAS. However, despite its essence as a de facto standard mostly adopted by developing countries, limited studies have considered the consideration for its decision-usefulness for financial reporting. The objective of this paper is to propose a conceptual framework that explains the factors of how financial reporting, based on the cash-basis IPSAS, would assist decision usefulness of financial reports to diverse user groups. In addition, the paper identifies potential organizational factors that may strengthen the elaboration of useful financial reporting statement. Based on the literature survey methodology, this paper argues that, identification of usable format that increases understandability of the financial statements for different user groups and an increased support for accounting staff competency, are veritable considerations in the framework for decision useful financial reporting statement in the application of the cash-basis IPSAS.
Financial reporting quality (FRQ) refers to better information dissemination across different user groups. It remains a prevalent phenomenon for assessing organizations' performance and survival. Drawing on theoretical exigencies, this study tests the effects of political influence on FRQ using survey research approach and selfadministered questionnaire. Data were gathered from 118 directors of finance representing local governments from four States at the northwest geopolitical zone of Nigeria. The regression estimate revealed a significant positive relation between political influence and FRQ. The study implication was discussed in the context of Nigeria.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.