Extent of the Application of IPSAS in 21 Local Government Areas of Anambra State

The study ascertained the extent of application of International Public Sector Accounting Standards (IPSASs) in 21 Local Government Areas (LGAs) of Anambra state. The paper was guided by three specific objectives and they include: To determine the extent of IPSAS application in the twenty one local government areas of Anambra state, to investigate the extent application of IPSAS enhances financial stewardship and accountability in the twenty one local government of the state and to analyze the extent application of IPSAS increases uniformity and comparability of report and information in the twenty one local government of the state. Data were collected from primary source. The population of study was 215 accountants and Auditors working in the twenty one LGAs in Anambra state, Nigeria. A sample size of 195 workers was obtained from the population using the Boweley proportion assignment. The questionnaire was rank using five-point Likert scale for collection of data. Analysis of Variance (ANOVA) was used to test the hypotheses. The findings of the study showed that IPSASs have been adopted in the preparation of financial reporting in the twenty one LGAs of Anambra State. The outcome also revealed that IPSASs application enhances financial stewardship, accountability, uniformity and comparability of report in the twenty one local government of the state. The study recommends that IPSASs should be adopted in all the Ministries, Departments and Agencies (MDAs) in the state.