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Impact Assessment of International Public Sector Accounting Standards (IPSASs) on Commercial Public Sector Entities in Africa

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  • Zivanai Mazhambe

    (Post Doctoral Research Department, Bright Africa Consultancy Training)

Abstract

IPSASs are generally applied to not-for-profit making public entities whose primary objective is accountability and effectiveness in the provision of public goods and services. The incorporation of elements of profits and return on investment as part of objectives of commercial public sector entities makes the application of IPSASs technically complex. The study therefore seeks evaluate how impactful are IPSASs on commercial public sector entities. The methodology adopted for this study was mixed research methodology through questionnaires and interviews of PAFA professional in Africa public sector. The findings revealed that commercial public sector entities are greater defined extent profit driven in their objectives, using International Financial Reporting Standards ( IFRSs) as their accounting standards. The findings further revealed that the hybrid adoption of IPSASs with IFRSs applied to commercial public sector entities especially in consolidated financial reporting is technically challenging and compromising the objectivity of IPSASs which require full adoption and application. The study concluded that IPSASs are therefore less impactful and relevant to commercial public sector entities.

Suggested Citation

  • Zivanai Mazhambe, 2020. "Impact Assessment of International Public Sector Accounting Standards (IPSASs) on Commercial Public Sector Entities in Africa," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(10), pages 210-212, October.
    • Handle: RePEc:bjc:journl:v:7:y:2020:i:10:p:210-212
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    References listed on IDEAS

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    1. Hans Christiansen, 2013. "Balancing Commercial and Non-Commercial Priorities of State-Owned Enterprises," OECD Corporate Governance Working Papers 6, OECD Publishing.
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