ERIN, Olayinka and Okoye, Lawrence U. and Modebe, Nwanneka J. and OGUNDELE, Olaoye (2016) INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS) ADOPTION AND QUALITY OF FINANCIAL REPORTING IN THE NIGERIAN PUBLIC SECTOR. ESUT Journal of Accountancy, 7 (2). pp. 22-30.
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Abstract
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
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | International Public Sector Accounting Standards, Quality of Financial Reporting, Financial Statements, Financial Information |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 15 Jun 2017 09:42 |
| Last Modified: | 29 Jun 2017 15:12 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/8220 |
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