Journal • CITN Journal

Editorial Board

Editor-in-Chief

Professor Rafiu Oyesola Salawu

Department of Management & Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife

Managing Editor

Professor Godwin Emmanuel Oyedokun

Department of Management & Accounting, Lead City University, Ibadan, Nigeria

Editorial Board Secretary

Mary-Fidelis Chidoziem Abiahu

Director, Research and Professional Standard, Chartered Institute of Taxation of Nigeria

Editorial Board Members

Professor Chinedum Nathaniel Nwezeaku

Federal University of Technology, Owerri

Professor John Adeoti

Nigeria Institute of Social and Economic Research (NISER), Ibadan

Professor Uche Jack-Osimiri

Faculty of Law, River State University, Port Harcourt

Professor Aruwa Suleiman Akwu-Odo Salihu

Nasarawa State University, Keffi Nasarawa State Nigeria

Dr. Eiya Ofiafoh Ofiafoh (Associate Professor)

Department of Accounting, University of Benin, Benin City, Nigeria

Dr. Stephen Chukwuemeka Mark Abani

MCSA Worldwide Projects Limited, Abuja, Nigeria

Dr. Kenny Adedapo Soyemi

Department of Accounting, Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria

Professor Joseph Uchenna Uwaleke

Department of Banking & Finance, Nasarawa State University, Keffi Nasarawa State, Nigeria

Barrister Chukwuemeka Eze

Faculty of Law, Nasarawa State University, Keffi Nasarawa State, Nigeria

Mr. Simon Nwanmaghyi Kato

Federal Inland Revenue Service, Chairman’s Office, Abuja, Nigeria

THE DETERMINANTS OF THE ADOPTION OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS IN LAGOS STATE

Description

THE DETERMINANTS OF THE ADOPTION OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS IN LAGOS STATE

Authors

Ifeoluwapo Adebimpe Salami and Rafiu Oyesola Salawu

Abstract

The study examined the determinants of the adoption of International Public Sector Accounting Standards (IPSASs) in Lagos State. The study employed primary data. The population consisted of all the public sector accountants and auditors working with Lagos State Government. The sample size selected was 300 using stratified random sampling technique. Data were collected with the aid of structured questionnaire. A total of 291 copies of questionnaire were retrieved from the respondents. Data were analyzed using ordinal logistic regression technique. The study revealed that acceptable in cash accounting based system (CABS), adequate multidimensional reporting requirement (MDRR), awareness on the transition of IPSASs (AOT), commitment of central entities and key officials (CCEK), effective project management structure for IPSASs (EPMS), budget for additional human resources (BAHR), adequate technology capacity and information system (TCIS), regular update of the governing bodies on the progress made in the implementation of IPSASs (UGBP), interim financial statement (IFSR), continuous testing of internal controls (CTIC) and prevention of corrupt practice (PCP) are the major determinants of adoption of IPSASs. An increase in this will raise the likelihood of the occurrence of higher level of adoption of IPSASs. The study recommends that each State should put into consideration the identified determinants in order to enhance the implementation of IPSAS.

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