DESCRIPTIVE ANALYSIS OF IPSAS ADOPTION AND QUALITY OF FINANCIAL REPORTING IN OGUN STATE, NIGERIA
Vol 30 No 2 (2025), Articles
Vol 30 No 2 (2025)

DESCRIPTIVE ANALYSIS OF IPSAS ADOPTION AND QUALITY OF FINANCIAL REPORTING IN OGUN STATE, NIGERIA

Articles
https://doi.org/10.7862/rz.2025.mmr.07
Published June 30, 2025
Abiodun Abdul-Jeleel AKINWUNMI
Babcock University, Nigeria
https://orcid.org/0009-0006-2692-4406
Olotu Ayooluwa AJAYI-OWOEYE
Babcock University, Nigeria
https://orcid.org/0000-0002-6877-0912
Grace Oyeyemi OGUNDAJO
Babcock University, Nigeria
https://orcid.org/0000-0002-5223-7136
Chituru Nkechinyere Aseoluwa ALU
Babcock University, Nigeria
https://orcid.org/0000-0001-8783-1787
Sunday Olusola OMOJOLA
Bowen University, Nigeria
https://orcid.org/0009-0005-2269-1732
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Keywords

accountability and transparency
IPSAS adoption
financial reporting quality
financial performance

How to Cite

AKINWUNMI, A. A.-J., AJAYI-OWOEYE, O. A., OGUNDAJO, G. O., ALU, C. N. A., & OMOJOLA, S. O. (2025). DESCRIPTIVE ANALYSIS OF IPSAS ADOPTION AND QUALITY OF FINANCIAL REPORTING IN OGUN STATE, NIGERIA. Modern Management Review, 30(2), 25-42. https://doi.org/10.7862/rz.2025.mmr.07
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Abstract

There are a number of concerns about the quality and usefulness of reports prepared and disseminated by Nigerian public sector. This paper examined the influence of IPSAS adoption on the financial reporting quality in Nigerian MDAs. Survey research design and primary data were employed. One hundred and twenty nine accounting professionals in the MDAs were sampled. The responses on IPSAS adoption metrics indicate high grand means with internal control mechanism having 3.73; audit committee 3.83; IPSAS adoption environment 3.90 and IPSAS adoption transparency and accountability 3.73 which are all above the acceptable mean of 3.49. This implies that IPSASs adoption constructs directly influence financial reporting quality of public sector in Ogun state, Nigeria. It is recommended that considerable efforts should be deployed to full adoption and implementation of IPSAS in Nigeria. Engaging stakeholders, is equally crucial to the full adoption of IPSAS and improving the quality of financial reports.

https://doi.org/10.7862/rz.2025.mmr.07
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