Analysis of Rate of IPSAS Adoption among the Public Sector in the South Western States in Nigeria

Zacch Adelabu ADEDEJI

Zacch Adelabu ADEDEJI

Keywords: IPSAS Adoption, South-Western Nigeria, Public Sector

Abstract

The study investigated the extent of IPSAS adoption in Nigeria using the south-west geopolitical zone of the country as case study. The public service in the six states of the south western Nigeria is the focus of the study. A total of 400 respondents are covered in the survey and professional staff like auditors and accountants in the public service form the nucleus of the respondents. A well-structured questionnaire was constructed and administered. The data harvested was analysed using purely descriptive statistics. Findings from the analysis revealed that IPSAS adoption varied by states in the South-western Nigeria depending on jurisdiction. Some jurisdictions were still using the cash based IPSAS, while others have adopted the full accrual-based IPSASs. In addition, some other jurisdiction adopted a hybrid IPSASs system. The study recommends harmonization of pattern of adoption of IPSAS in the country. This will pave way for level playing assessment of public officers in the Nigeria public sector.

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