Perceived Effect of IPSAS Adoption on Ethical Behavior in Public Financial Management in North-Eastern States of Nigeria

Abstract

This study evaluates the Perceived Effect of IPSAS Adoption on Ethical Behavior in Public Financial Management of the North-Eastern States of Nigeria. It explores the impact of adopting International Public Sector Accounting Standards (IPSAS) on ethical behavior and financial management practices. Through a mixed-method approach, data was collected using questionnaires and analyzed using descriptive and inferential statistics. Findings indicate a generally positive perception of IPSAS adoption across demographic groups, with variations in perception based on factors such as age, education level, and years of experience. ANOVA results reveal significant differences in perceived adoption, ethical behavior, financial management, perceived IPSAS management, and implementation benefits among the North-Eastern states. The correlation matrix shows strong positive correlations between perceived adoption, ethical behavior, and implementation benefits, highlighting the potential benefits of IPSAS adoption. The study suggests that efforts to enhance IPSAS adoption and improve financial management practices could positively impact ethical behavior and implementation benefits in the region. Further research and targeted interventions are recommended to address specific challenges and maximize the benefits of IPSAS adoption in North-Eastern Nigeria.

Methodology: The study employed a primary research approach using a questionnaire to collect data on perceived adoption, ethical behavior, financial management, perceived IPSAS management, and implementation benefits. A multi-stage sampling method was used to select respondents from the North-Eastern states of Nigeria. Data analysis involved descriptive and inferential statistics, including ANOVA and correlation analysis, conducted using the Statistical Program for Social Science (SPSS).