INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS) ADOPTION AND ACCOUNTABILITY OF MINISTRIES IN OYO STATE

Abstract

The emergence of International Public Sector Accounting Standards (IPSAS) was critical to the reform expected in the public sector in terms of accountability. Hence, this study examined the influence of IPSAS adoption on accountability of public officers in Oyo State ministries. Primary source of data collection was employed and the analysis was done using descriptive and inferential statistics. A sample of 6 ministries in Oyo State was selected using purposive sampling technique. Data were gathered through questionnaire, which was carefully designed and administered to the members of staff of the selected ministries The results with F-statistic of 1.201 and a p-value of 0.001<0.05 level of significance, revealed that IPSAS implementation will enhance level of accountability among public officers in Oyo State. Based on this finding, the study recommended that all necessary requirements for full implementation and sustenance of IPSASs in the public sector should be made available by the government.