IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2020i5p153-165.html
   My bibliography  Save this article

Stakeholders’ Perception of International Public Sector Accounting Standards (Ipsas) in Ondo State Ministry of Finance, Akure

Author

Listed:
  • F. O. Aribaba

    (Federal University Oye-Ekiti)

  • Y. A. Afolabi

    (Federal University Oye-Ekiti)

  • O. A. Ahmodu

    (Wesley University)

  • H. A. Adele

    (Ladoke Akintola University of Technology)

Abstract

The study examines the stakeholders’ perception of International Public Sector Accounting Standards (IPSAS) in Ondo State ministry of finance, Akure. The study employed a survey research design with a population of 410 personnel. The study adopted multi-stage sampling techniques to select the sample size of 116 account personnel. The instrument used for this study was a questionnaire. The questionnaire titled Stakeholders’ Perception of International Public Sector Accounting Standards Questionnaire (SPIPSASQ) designed on Likert scales. This instrument was validated with the reliability coefficient of (.825). Data collected were analysed using Pearson Correlation statistics to test the hypotheses. The study revealed that stakeholders’ perception has a significant relationship with IPSAS implementation at (r .283) while accounting personnel also have a significant relationship with IPSAS implementation at (r .270) with the p-value of (.002 & .003) respectively at 5% level of significance. Based on these findings, the study reveals that the government has not been organized IPSAS training for personnel and the fear of unknown discouraged the staff to support the full implementation of the standards. The study, therefore, recommends that the state commissioner for finance should ensure regular training and compliance of IPSAS standards to enhance government accountability; improve stakeholders’ performance, increase revenue generation and reduce corruption.

Suggested Citation

  • F. O. Aribaba & Y. A. Afolabi & O. A. Ahmodu & H. A. Adele, 2020. "Stakeholders’ Perception of International Public Sector Accounting Standards (Ipsas) in Ondo State Ministry of Finance, Akure," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 16(6), pages 153-165, DECEMBER.
    • Handle: RePEc:dug:actaec:y:2020:i:5:p:153-165
    as

    Download full text from publisher

    File URL: https://dj.univ-danubius.ro/index.php/AUDOE/article/view/599/940
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2020:i:5:p:153-165. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.