AN ASSESSMENT OF THE DETERMINANTS OF FINANCIAL REPORTING QUALITY

A STUDY ON GOMBE STATE MINISTRIES, DEPARTMENTS AND AGENCIES

Abstract

This study explored the determinants of Financial Reporting Quality (FRQ) in the Ministries, Departments, and Agencies (MDAs) of Gombe State, Nigeria. By examining key factors such as internal control systems, human resource quality, information technology utilization, and the adoption of International Public Sector Accounting Standards (IPSAS), the research identified the critical elements that influence the transparency and accountability of public financial reporting. Using data collected from senior accountants across Gombe State’s MDAs, the study found that robust internal control systems significantly enhance FRQ, while IPSAS adoption marginally influences reporting quality. However, human resource quality and IT utilization have limited effects on financial reporting outcomes. The findings offer valuable insights for policymakers, government agencies, and academics, providing actionable recommendations for improving public sector financial management practices. This research contributes to the theoretical understanding of FRQ and underscores the importance of strengthening governance mechanisms to reduce fraud, mismanagement, and inefficiency in public sector financial disclosures