Effect of International Public Sector Accounting Standards Adoption on Transparency in Government Financial Reporting

Accounting — 2025, Undergraduate

This study examined the effect of International Public Sector Accounting Standards (IPSAS) adoption on the transparency of government financial reporting in Nigeria. A survey was conducted with accountants, auditors, and finance officials in federal and state establishments using a structured questionnaire. Data were analysed using descriptive statistics and regression analysis. The findings revealed that IPSAS adoption improved asset recognition, accrual-based reporting, and the understandability of financial statements, thereby enhancing transparency and oversight. Challenges of migration complexity and inadequate expertise were, however, identified. The study recommends phased migration, targeted training, and institutional support for standards compliance.

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