Impact of International Public Sector Accounting Standards on Enhancement of Accountability in Nigeria Public Sector

The paper examined the impact of International Public Sector Accounting Standards (IPSAS) on enhancement of accountability in the Nigeria public sector. A sample of 164 respondents was selected from the Account Departments of all government ministries in the Nigerian public service. The study used regression analysis to investigate the impact of IPSAS on the enhancement of accountability in the Nigerian public sector. The result shows that IPSAS has a significant positive impact on accountability, transparency, comparability and value relevance. This paper recommends that every government ministry should imbibe the spirit and letters of IPSAS to enable comparability of accounts as can be notice in result of hypotheses two.