IPSAS AND FINANCIAL MANAGEMENT PRACTICES IN PUBLIC SECTOR ENTITIES IN ANAMBRA STATE

The study examined the extent to which the adoption of IPSAS leads to better financial management practices among public sector entities in Anambra state. Descriptive cross-sectional survey research design was utilized in the study. The population of the study was made up of 244 full-time staff of selected public organisations in Awka Metropolis from which a sample size of 152 respondents were chosen. In this study, primary data were collected using self-administered questionnaires composed of closed-ended questions. The study's descriptive statistical analysis utilized measures such as mean, frequency counts, and percentages. The hypothesis was tested using the Spearman Ranked Order Correlation Coefficient, which was calculated using the Statistical Package for Social Sciences (SPSS) Version 25. The findings revealed that: the adoption of IPSAS significantly leads to better financial management practices among public sector entities in Anambra State (rho = 0.901, p-value < 0.000). In conclusion, as public organizations continue to adopt these standards, it is likely that they will experience further improvements in their operational efficiency and accountability, ultimately benefiting the broader public sector domain in Nigeria