Impact of International Public Sector Accounting Standards Adoption on Financial Reporting Quality of Federal Tertiary Institutions in Adamawa, Borno, and Yobe States, Nigeria

Danjuma Mohammed, Abdu Yakubu Mohammed and Ahmed Abdullahi Abubakar
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Danjuma Mohammed: Department of Accounting, Adamawa State University PMB 25, Mubi
Abdu Yakubu Mohammed: Bursary Department, Federal Polytechnic Bali, Taraba State
Ahmed Abdullahi Abubakar: Department of Accounting, Adamawa State University PMB 25, Mubi

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 6, 2006-2021

Abstract: This study aimed to examine the impact of adopting International Public Sector Accounting Standards (IPSAS) on the financial reporting quality of selected federal Tertiary Institutions in North East Nigeria. The study examines how adopting IPSAS has improved the relevance, comparability, and financial reporting of federal tertiary institutions in Adamawa, Borno, and Yobe States, Nigeria. The study employed a survey research design. As a result, data were collected by administering a questionnaire to a selected sample of 133 respondents from the institutions under study, including accountants, internal auditors, and bursary staff. Furthermore, the selected institutions’ financial statements were used as secondary data. The collected data was analyzed with descriptive statistics, regression analysis, and t-test statistics. The study discovered a significant difference in financial reporting quality between federal tertiary institutions in Adamawa, Borno, and Yobe States, Nigeria before and after they adopted IPSAS. The study recommended that to maintain the impact of IPSAS on financial reporting quality, the Office of the Accountant General of the Federation intensify IPSAS compliance monitoring of federal tertiary institutions, define sanctions, and ensure that they are implemented on erring institutions.

Date: 2024
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