Original Research Article | OPEN ACCESS
Determinants of the Adoption of International Public Sector Accounting Standards in Lagos State

I. A. Oyewobi1 , R. O. Salawu2

1Department of Accounting, Bowen University, Iwo; 2Department of Management and Accounting, Obafemi Awolowo University, Ile-Ife.

For correspondence:-  I. Oyewobi   Email: ifeoyewobi@gmail.com

Received: 5 March, 2019        Accepted: 23 June. 2019        Published: 30 June 2019

Citation: Oyewobi IA, Salawu RO. Determinants of the Adoption of International Public Sector Accounting Standards in Lagos State. Account Tax Rev 2019; 3(2):57-65 doi:

© 2019 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..


The study examined determinants of the adoption of International Public Sector Accounting Standards (IPSASs) in Lagos State. The study employed primary data.   The population consisted of all the public sector accountants and auditors working in ministries and departments in Lagos State.  The sample size of 300was selected using stratified random sampling technique.  Data were collected with the aid of structured questionnaire.  A total of 291 copies of questionnaire were retrieved from the respondents.  Data were analyzed using ordinal logistic regression technique.  The study revealed that acceptable in cash accounting based system (CABS), adequate multidimensional reporting requirement (MDRR), awareness on the transition of IPSASs (AOT), commitment of central entities and key officials (CCEK), effective project management structure for IPSASs (EPMS), budget for additional human resources (BAHR) are major determinants of adoption of IPSASs. Also, adequate technology capacity and information system (TCIS), regular update of the governing bodies on the headway made in the adoption of IPSASs (UGBH), interim financial statement (IFSR), continuous testing of internal controls (CTIC) and prevention of corrupt practice (PCP) are also major determinants of adoption of IPSASs. The study concluded that an increase in these will raise the likelihood of the occurrence of higher level of adoption of IPSASs. The study recommended that each State should put into consideration the identified determinants in order to enhance the adoption of IPSAS.

Keywords: Determinants, Adoption, Standards, IPSASs Corrupt practices.

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