Vol. 7 (01) pp. 1124-1129 DOI: 10.21474/IJAR01/8430

IMPLICATIONS OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS ADOPTION AND FINANCIAL REPORT QUALITY IN LAGOS STATE

  • Department of Accounting and Finance.
  • Bowen University, Iwo, OsunState,Nigeria.
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Abstract

The Poor quality of Financial Report in Nigeria can be attributed to inherent inadequacies present in the Accounting systems. This paper aimed to evaluate the adoption of International Public Sector Accounting Standards (IPSASs) as well as the financial report quality in Lagos State. The paper employed primary source of data, while the population consisted of all the public sector workers in Lagos State. The sample size was 300 comprising public sector accountants and auditors using stratified random sampling technique. Data were collected with the aid of questionnaires. A total of 291 copies of questionnaire were retrieved from the respondents. Data were analyzed using paired sampled T-test. The paper revealed that the adoption of IPSASs has a significant influence on financial report quality (t = -28.787, p = 0.000) and concluded that the adoption of IPSASs influenced financial report quality in Lagos State.

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How to Cite This Article

Ifeoluwapo Adebimpe OYEWOBI (2019); IMPLICATIONS OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS ADOPTION AND FINANCIAL REPORT QUALITY IN LAGOS STATE, Int. J. of Adv. Res., 7 (01), 1124-1129, ISSN 2320-5407. DOI: https://doi.org/10.21474/IJAR01/8430

Corresponding Author

OYEWOBI Ifeoluwapo A.
Department of Accounting and Finance Bowen University, Iwo, Osun State, Nigeria
Creative Commons Attribution 4.0 This work is licensed under a Creative Commons Attribution 4.0 International License.