International Public Sector Accounting Standards
203182265
International Public Sector Accounting Standards
James L Chan
169795303
International Public Sector Accounting Standards
Ronald J Points Simon Bradbury
223024213
International Public Sector Accounting Standards
Joanna Hughes
158502958
Institutional and Economic Factors Affecting the Adoption of International Public Sector Accounting Standards
ABSTRACT This article investigates the environmental factors associated with countries' decision to adopt International Public Sector Accounting Standards (IPSAS) Based on a sample of 110 countries, the results reveal a positive influence of external public funding (coercive isomorphic pressure) the degree of external openness (mimetic isomorphic pressure) and public sector organizations' importance on IPSAS adoption. They show a negative effect of the availability of local GAAP on this decision, whereas education level (normative isomorphic pressure) is a nonsignificant factor. This research contributes to the international accounting literature in the public sector. The results are relevant to standard setters, regulators, researchers, international financial organizations, and non adopting countries.
Yosra Mnif Sellami Yosra Gafsi
219428087
A contingency theory perspective on the analysis of central government accounting disclosure under International Public Sector Accounting Standards (IPSAS)
The purpose of this paper is to assess the extent of central government financial information disclosed in accordance with accrual based International Public Sector Accounting Standards (IPSAS) and to investigate the environmental factors affecting this level, drawing on the contingency theory framework.,This study uses a self constructed checklist of 116 items to measure the IPSAS disclosure level by 100 public sector entities from different countries across the globe during the period 2015 2017. Panel regressions have been used.,The results show significant differences in compliance levels with IPSAS disclosures across nations. They reveal a positive influence of the degree of government openness (political culture) quality of public administration and management and prior experience with International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS) in the public sector on this level, whereas government financial condition is a nonsignificant factor.,The research findings are potentially relevant to academics, researchers, practitioners, standard setters and government policymakers. By examining the influencing factors of IPSAS disclosure level, this paper paves the way for further investigation of this topic with a more extensive set of micro and macroeconomic variables whether at the central or local government level in other jurisdictions,This study provides new insights into the assessment of the transparency and completeness of government accrual based financial statements. Based on the contingency theory, this paper is the first to empirically investigate the factors affecting the level of disclosure under accrual based IPSAS by central government entities in a cross country analysis.
Yosra Mnif Yosra Gafsi
213160494
Effects of implementation of International Public Sector Accounting Standards on Nigeria's financial reporting quality
The purpose of this paper is to examine the effects of the implementation of the International Public Sector Accounting Standards (IPSAS) on Nigeria's financial reporting quality.,The study employed a survey research design to determine the effects of the implementation of the IPSAS on Nigeria's financial reporting quality. Partial Least Square 3(SmartPLS 3) technique of analysis was applied to achieve the research objective.,The study found that accountability positively and significantly affects the quality of financial reporting in Nigeria. Specifically, IPSAS has improved the level of accountability, which in turn improved Nigeria's financial reporting quality.,The study only explored two explanatory variables whereas other variables such as transparency, corruption minimization, comparability and faithful representation were not considered in this study. It is, therefore, recommended that further studies could expand the scope to cover some other variables not included in this paper.,IPSAS Accrual has engendered the Nigerian Government to launch the Asset Tracking and Management Project (ATMProject) in order to easily track its assets for the purpose of accountability. Thus, accountability was discovered in this study to be the most essential factor to enhance the quality of financial reporting using accrual based IPSAS in Nigeria.,Accountability will impact positively on the lives of Nigerians in relation to the application of public funds to impact on the lives of the masses.,The statistical significance of accountability found in this study, using partial least square technique of data analysis, will further enhance financial integrity in the country.
Saheed Adekunle Muraina Kabiru Isa Dandago
214240047
Heritage assets in the due process of the International Public Sector Accounting Standards Board (IPSASB)
ABSTRACT This paper assesses whether the IPSASB's consultation paper (CP) 'Financial Reporting for Heritage in the Public Sector' might actually end academic debates about how to report on heritage assets. Similarities and differences in the position of the IPSASB, previous academic literature and the CP's respondents are examined by the authors. IPSASB proposed that heritage be recognized and measured in financial statements, whereas the academic literature has supported reporting largely through disclosure notes. Most respondents agreed with the IPSASB, but raised the same difficulties as discussed in the academic literature. The respondents were mainly public sector entities and professional associations, mostly from Europe, Oceania and Africa. Though the CP asks the right questions, it does not provide the needed guidance which indicates it will not be able to end the ongoing debate. IMPACT This research offers fresh knowledge about financial reporting on heritage items, offering financial statement users and preparers information about possible future stages of heritage accounting policy. The paper will be useful for policy and decision makers, as well as the standard setting boards (SSBs) It provides insight into respondents' behaviour in consultation processes and the influence of a respondent's background on participation, which should help SSBs improve their consultation processes. First steps were made regarding research into the influence of different variables (for example geographical locations, affiliation and legislative background) on opinions regarding the topic of the CP. This paper points the way forward for new discussions about accounting for heritage.
Anschi De Wolf Johan Christiaens Natalia Aversano
229231045
Implementation of International Public Sector Accounting Standards and Transparency Accountability in the Public Sector
The utility of International Public sector accounting Standards (IPSAS) in achieving transparency and accountability in the public sector accounting has been established. The motivation for the study was that in Nigeria, transparency and accountability of public sector officials have been seriously lacking and IPSAS was seen as a panacea to achieving the twin virtues. This study examines whether the implementation of International Public Sector Accounting Standards (IPSAS) has achieved public sector transparency and accountability in Nigeria since its adoption in 2014. A qualitative survey of the agencies in the 5 states of south east Nigeria was carried out and analysis done using analytical discourse technique. We found out that the extent of the implementation of IPSAS in Nigeria has not achieved transparency and accountability in the public sector, in Nigeria. We find that political will, use of accrual bases of accounting and internet facilities are the underlying factors for a full implementation of IPSAS and that they were all lacking in our study area. The framework of analysis was principal agent theory, which explained that the agents, the public sector officials pursue their interest first before those of their principals the citizens. The lack of political will stems from the agents not wanting to be transparent and held accountable for their actions. Regulatory agencies should penalize the officials lacking the political will.
Edwin M Izueke Fab O Onah Christopher O Ugwuibe Felicia Osondu Okwueze Sylvia Uchenna Agu Chuka E Ugwu Christian Ezeibe
226659472
Qualitative Characteristics of the Information Presented in the Financial Statements Prepared on the Basis of the International Public Sector Accounting Standards
The purpose of this report is to present the qualitative characteristics of the information presented in the financial statements of public sector entities in applying the International Public Sector Accounting Standards (IPSAS) A comparison of the qualitative characteristics in IACS and International Financial Reporting Standards has been made, with some major differences. The lack of standardization of public sector accounting in Bulgaria is sufficient to raise the question of the quality of the information presented in the financial statements of the public sector entities.
Yasen Daskalov
226086226
Has the Adoption of International Public Sector Accounting Standards (IPSAS) Reduced Corruption in the Nigerian Public Sector?
This study empirically examines the adoption of International Public Sector Accounting Standards (IPSAS) and its impact on reducing Corruption in the Nigerian Public Sector. Utilizing survey research design, primary data were obtained by means of structured questionnaires administered on three hundred (300) respondents comprising accounting practitioners from the public sector and academia in Bayelsa State Nigeria, Data analysis was conducted using Chi square statistical tools and SPSS "Statistical Product and Service Solutions" version 22.0, The study revealed that accrual based IPSAS provides more information to forensic accountants in executing their job effectively. Equally, the findings suggest that report generated through IPSAS adoption helps forensic accountants in building sound internal control mechanism in the public sector. Thus, it is recommended that government at all tiers should adopt IPSAS given its numerous benefits despite minor implementation challenges which can be rectified by relevant regulatory agencies.
Carl Madawa Seiyaibo