The Impacts of Implementation of International Public Sector Accounting Standard (IPSAS) on Financial Reporting in United Nation Secretariat Organization in the Case of UNECA
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Date
2021-06
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A.A.U
Abstract
Implementation of IPSAS in United Nation Economic Commission for Africa has brought
different advantage on financial reporting, even though, there were some problems on level of
implementation in different units. The overall objectives of the study were to assess the impact
of implementation of IPSAS on financial reporting. The study used mixed research approach
and survey research strategy to get important information. The research follows purposive
nonprobability sampling techniques to address the issue. The primary data was collected
through structured questionnaire from UNECA employees and managements. The study uses
primary data with the help of survey questionnaire, key informants were interviewed, and
secondary data sources examined. The collected data were analyzed using descriptive and
inferential statistics depending on the characteristics of the data. The raw data was analyzed
using descriptive and inferential statistics. The findings of the study indicated that, cost
effective, comparability, relevance, understandable, faithful representation and timeliness
explain 67.9% of the variance of changes due to adoption of IPSAS for financial reports. 32.1%
of the variation is caused by the factors other than the predictors included in this model. The
regression analysis showed that relevance, faithful representation, understandability,
comparability and timeliness are statistically significant. The research also suggested that
efforts to be made with regard to equal level of implementation of IPSAS in different unit of
UNECA by evaluating the existing level of implementation, by creating awareness for
employees on IPSAS benefit, allocate adequate resource on IPSAS adoption and facilitate
training for staffs.
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Keywords
Faithful Representation and Timeliness, Relevance, Reliability, Understandability