Emmanuel, Affiong Asuquo and Otung, Affiong Ukana and Emenyi, Emmanuel Okon (2024) International Public Sector Accounting Standard (IPSAS) Adoption and Quality of Financial Report in Akwa Ibom State Civil Service. European Journal of Accounting, Auditing and Finance Research, 12 (7). pp. 41-66. ISSN 2053-4086(Print), 2053-4094(Online)
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Abstract
The study examined the relationship between International Public Sector Accounting Standard (IPSAS) adoption and quality of financial report in Akwa Ibom State Civil Service. To guide the study, three research questions and three null hypotheses were formulated. Descriptive research design was adopted for the study. The population of the study centered on accountants and planning officers in the MDAS of government in Akwa Ibom State Civil Service. Data collected was analyzed to bring out the descriptive statistics and the hypothesis formulated was tested using t-test, the analysis of variance and regression analysis with the aid of SPSS. The findings of the study revealed that IPSAS 3 has a significant positive relationship with faithful representation of financial reports in Akwa Ibom State Civil Service, IPSAS 17 has an insignificant positive relationship with faithful representation of financial reports in Akwa Ibom State Civil Service and that IPSAS 24 has a significant positive relationship with faithful representation of financial reports in Akwa Ibom State Civil Service. Based on the findings of the study, it is concluded that the adoption of IPSAS has a significant effect on the quality of financial report in Akwa Ibom State Civil Service. From the result of the findings, the recommendations made included that Government should engage professionals, and technocrats to drive the process and implementation of IPSAS to reflect stakeholders’ expectation and public confident in financial reporting in the public sectors.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Depositing User: | Professor Mark T. Owen |
| Date Deposited: | 24 Jul 2024 17:30 |
| Last Modified: | 24 Jul 2024 17:30 |
| URI: | https://tudr.org/id/eprint/3210 |
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