International Public Sector Accounting Standards (IPSAS) Adoption and Implementation in Nigerian Public Sector

Abstract

This study evaluated the relationship between IPSAS adoption and financial reporting quality in South West, Nigeria. Specifically, it analysed the effect of IPSAS adoption on credibility and comparability of financial statements. Additionally; salient factors influencing IPSAS implementation were investigated. Primary data collected from one hundred and eighty accountants in South West Nigeria were analysed using tabulation, graphs, factor analysis, and Goodman and Kruskal’s gamma statistics.The empirical results indicated that IPSAS adoption exerted significant and positive relationships with financial reporting quality, credibility and comparability of financial statements. Decisively, discoveries from this study reflect that implementation cost, staff training, technological factor, IPSAS knowledge and awareness and availability of expertise significantly affect IPSAS implementation. However, findings further revealed that IPSAS implementation is not significantly influenced by institutional commitment, cultural, sociological, legal, political and environmental factors. Based on these findings, the authors recommend that considerable amount of money should be set aside for full adoption and implementation of IPSAS in Nigeria.

Enterprise Risk Management (ERM) and Firm’s Performance: A Study of Listed Manufacturing Firms in Nigeria

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“…This includes the mean, median, standard deviation, minimum and maximum values of all variables (Folashade et al, 2016). Following the result of the descriptive statistics, the correlation analysis was presented (Ademola et al, 2020a). The correlation analysis is used to confirm the presence of multicollinearity between variables.…”

Firm Size and Financial Performance Among Listed Banks of Emerging Economies in Africa

“…The countries were selected based on the availability of the financial statements for the time frame (2013-2018) of the study. Financial statements of some listed banks in Emerging Economies in Africa between the years 2013-2018 were not available for public consumption and research purposes, hence their exclusion from the sample size Ademola et al, 2020a;2020b;Ozordi et al, 2020). This study employs data from only listed banks in these regions majorly because the Stock Exchange Markets are regulated and data obtained from there have at least been validated by external auditors.…”

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

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