This study evaluated the relationship between International Public Sector Accounting Standard (IPSAS) adoption and reliability, credibility and integrity of financial reporting in State Government Administration in Nigeria. The study builds on the work of Ndinaiwe (2013) who posits that the transition to IPSAS and the presentation of accrual based financial statement will have a significant impact on oversight tasks. The study made use of survey research design. The findings showed that implementation of IPSAS will improve the reliability, credibility and integrity of financial reporting in State Government administration in Nigeria. Also, it was observed that implementation of IPSAS based standards can facilitate efficient internal control and result based financial management in the public sector of Nigeria. Implementation of IPSAS can enhance Federal Government's goal to significantly deliver services more effectively and efficiently. Accountability is no doubt the hallmark for good governance. This study shines more light to public sector accounting to ensure that political office holders, citizens and stakeholders in the Nigerian project embrace integrity, transparency and accountability public funds management. Furthermore, we concluded that implementation of IPSAS by public sectors in Nigeria will impact positively on reliability, credibility and integrity of financial reporting and promote uniform chart of financial reporting by the three tiers of Government in Nigeria.

the study was about the matters arising on financial management and auditing procedure in the public sector in Nigeria. The paper set out to examine; the public financial management reforms and pronouncements introduced in the public sector; how effective these reforms and pronouncements have been; the determinants of efficient public financial management system; and the ways out of the current economic crises in the Nigerian public sector. The paper is established on agency theory and also employed the desk/analytical review research design which relied wholly on reservoir and pool of knowledge, extant literature and research findings from previous scholars. From the findings made, the study concluded that there had been various efforts in areas of public sector financial management reforms put in place by the Nigeria government in her bid to introduce accountability, good service delivery; efficient public service output, corrupt free society and effective financial reporting in order improve the life of Nigeria citizens. The PFM reforms have also met stiff resistance in some areas. If given enough time to improve and properly correct her PFM, the Nigeria public sector would be an example for other country. Therefore, it was recommended that, there is the need for the public institutions that are saddled with the responsibility of motoring and enforcing PFM reforms to work as a system. System has subsystems; they should complement each other.

This study examined the effects International Public Sector Accounting Standards (IPSAS) adoption has on public sector financial management in Ekiti State, Nigeria. The study adopted a descriptive survey research design because it helps in obtaining similar information from various groups of persons through the use of an administered questionnaire. The population covered all the staffs of Ekiti State Accountant General’s Office; out of which 50 staff was selected as the sample size and this was achieved through random sampling technique. A close ended questionnaire was used to elicit the needed information from the respondents and the necessary validity and reliability of the instrument were done accordingly to authenticate the items on the questionnaire. Data generated from the respondents was analyzed through simple regression and mean and standard deviation. The findings of the study revealed that the independent variable explained about 11.2% of the systematic variation of the dependent variable. The overall fitness of the model as shown in the F statistics of 18.189 with a probability of 0.04 was statistically significant as it was lesser than the standard critical p-value of 0.05. This, therefore call for the rejection of the null hypothesis. Hence, there is a significant effect of IPSAS on the public sector financial management in the Nigerian Public sector. Hence, we conclude that IPSAS would significant influence public sector financial management in Nigeria and that the challenges of Nigerian public sector are costs associated with tracking and identifying government tangible assets. Hence, it was recommended that government at all levels; should as a matter of necessity embark on continuous training and retraining of accounting personnel who are charged with the responsibilities of preparing the accounts in order to maintain and sustain enhanced credibility of financial reporting

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The budget is a vital tool for public administration because it determines where resources are allocated, stimulates growth, guides investments, and promotes more fair distribution of wealth. Nevertheless, Budget Performance in Lagos State has been plagued by issues negatively affecting its performance. This raising concerns for the adoption of international public sector accounting standard. Hence, this study examined the effect of IPSAS on budget performance in Ministries, Departments, and Agencies (MDAs) in Nigeria. This study adopted a cross-sectional survey research design, and the population was 310 accountants and auditors in MDAs in Lagos State, Nigeria. All the 310 accountants and auditors in MDAs in Lagos State were used as the unit of analysis hence the adoption of total enumeration method. A validated questionnaire was used to collect data. Data were analyzed using descriptive and inferential statistics. Findings revealed that IPSAS had significant effect on budget performance (R2 = 0.231, F(1,291)= 87.379, p= 0.000). This study concluded that IPSAS affects budget performance in MDAs in Lagos State in Nigeria. It important that management of MDAs in Lagos State, Nigeria to continue to ensure strict implementation and compliance to IPSAS as financial management reform instruments so that the improvement in budget performance can be guaranteed for year-on-year.