Effects of International Public Sector Accounting Standards on Financial Accountability in Nigeria Public Sector (Published)
The study examined the effect of International Public Sector Accounting Standards on financial accountability in the Nigerian public sector. Specifically, the study investigated the effect of International public sector accounting standards on the efficient management of public fund in the Nigerian public sectors and assessed the extent to which international public sector accounting standards enhance effective budget implementation in the Nigeria public sector. The population of the study comprises of all the staff in internal audit department, accounting department and finance department of the 18 Local Governments in Ondo State. Questionnaire was used to gather information from the selected respondents in the departments. The questionnaire was ranked using five-point Likert scale. The study employed Multiple Regression Analysis and Pearson’s Correlation Matrix to identify the effect of the effect of International Public Sector Accounting Standards on financial accountability in the Nigerian public sector. The study revealed that International Public Sector Accounting Standards has positive and significant effect on the efficient management of public funds in the Nigerian Public sector. The study recommended that the federal government should release fund to power the adoption IPSAS and made fund available for training of civil servants on International Public Sector Accounting Standards software.
AN EXAMINATION OF THE EFFICACY OF THE OFFICE OF AUDITOR GENERAL OF NASARAWA STATE IN ENSURING FINANACIAL ACCOUNTABILITY (Published)
: This study examines the efficacy of the office of the Auditor General of Nasarawa State in ensuring financial accountability. Eight questions-survey questionnaires related to the basic functions of the state’s office of auditor general and how effective it is in ensuring financial accountability were administered to 38 respondents; all staff of the Nasarawa State Office of the Auditor General. The questionnaire enables the study to seek the perceptions and or views of the respondents on the functions of the office of the Auditor General of Nasarawa State. A simple percentage was used to analyses the various perceptions of the respondents. Chi Square statistical tool was used to test the two study’s hypotheses. The study finds that, although the office of the state auditor general has significantly improved the management of finances in the Nasarawa State public services, it was noted that at times public monies are not expended for the purpose they are made for, hence expenditures are made without authorization. While this has reduced the level of efficiency of the roles of the office of the auditor general in ensuring financial accountability in the public sector, the result from the chi square indicates that the functions of the office could help in the effective management of public sector finances, but cannot ensure financial accountability in the public sector. It recommends that relevant agencies should ensure that monies expended be appropriated and spending be authorized, this will reduce fraud and enhance financial accountability in the public sector.