Keywords
IPSAS adoption
financial reporting quality
financial performance
How to Cite
Abstract
There are a number of concerns about the quality and usefulness of reports prepared and disseminated by Nigerian public sector. This paper examined the influence of IPSAS adoption on the financial reporting quality in Nigerian MDAs. Survey research design and primary data were employed. One hundred and twenty nine accounting professionals in the MDAs were sampled. The responses on IPSAS adoption metrics indicate high grand means with internal control mechanism having 3.73; audit committee 3.83; IPSAS adoption environment 3.90 and IPSAS adoption transparency and accountability 3.73 which are all above the acceptable mean of 3.49. This implies that IPSASs adoption constructs directly influence financial reporting quality of public sector in Ogun state, Nigeria. It is recommended that considerable efforts should be deployed to full adoption and implementation of IPSAS in Nigeria. Engaging stakeholders, is equally crucial to the full adoption of IPSAS and improving the quality of financial reports.
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