The Implementation Of Ipsas And Its Impact On Corruption In Ghana: Evidence From The Colleges Of Education

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The purpose of this study was to ascertain the influence of the adoption of the International Public Sector Accounting Standards on financial management in the Colleges of Education in Ghana. This study adopted Public Choice theory and the Commander theory to explain the findings obtained for this research. This study employed the descriptive research survey and measured the effect of implementation of IPSAS on financial management using quantitative techniques to provide a critical linkage among empirical observation and mathematical expression of quantitative relations. The sample size of the study was 163. This study used primary data source. A likert scale questionnaire was employed to solicit information for data analysis. The study identified a substantial relationship among IPSAS implementation and financial management as well as revenue generation. This study again found an important association among IPSAS implementation and transparency as well as the accountability of financial reporting. The study further found that the association between IPSAS implementation and the quality of financial reporting was significant. This study suggest that the ministry of education must make sure that all the colleges of education have implemented fully International Public Sector Accounting Standards to enable them reap all the benefits that come with it. The study further recommends to management and council of the colleges of education to ensure that all the accounting and audit staff are familiar with the procedures of treating all the standards in IPSAS. This will make it easy for the colleges to fully adopt IPSAS. The study recommends that future research adopt qualitative research methods like interviews to find out the reason behind those colleges who are yet to fully adopt IPSAS.
A thesis submitted to the department of human resource and organizational development, school of business, college of humanities and social sciences, knust in partial fulfillment of the requirements for the degree of master of science in accounting and finance