AN EXAMINATION OF THE EXTENT OF THE APPLICATION OF ACCOUNTING STANDARDS IN NIGERIA PUBLIC SECTOR

• Author(s): Ezekwere, Uzochukwu ; Ven Dr. JKJ Onuora
• Paper ID: 1702672
• Page: 114-123
• Published Date: 12-05-2021
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 4 Issue 10 April-2021

Abstract

The study examined the extent of application of Accounting standard in Nigeria public sector. Specifically, the study investigated the extent of International public sector accounting standards application and how it has affected accountability and transparency in Anambra State. The study adopted a survey research design, collected data using the questionnaire ranked in five-point e extLikert scale from population which comprises of all the Accountant staff in internal audit department, accounting department and finance department in Anambra State. Data collected were analyzed to bring out the descriptive statistics while the hypotheses formulated were tested using analysis of variance (ANOVA). Study further revealed that IPSAS has been significantly applied to financial reporting by MDAs in Anambra state. The study recommends that government should enforce the full application/ implementation of IPSAS in Local government and all MDAs in Anambra State.

Keywords

Application, implementation, International public sector accounting standards, MDA’s

Citations

IRE Journals:
Ezekwere, Uzochukwu , Ven Dr. JKJ Onuora "AN EXAMINATION OF THE EXTENT OF THE APPLICATION OF ACCOUNTING STANDARDS IN NIGERIA PUBLIC SECTOR" Iconic Research And Engineering Journals Volume 4 Issue 10 2021 Page 114-123

IEEE:
Ezekwere, Uzochukwu , Ven Dr. JKJ Onuora "AN EXAMINATION OF THE EXTENT OF THE APPLICATION OF ACCOUNTING STANDARDS IN NIGERIA PUBLIC SECTOR" Iconic Research And Engineering Journals, 4(10)