International Journal of Social Science & Economic Research
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Title:
FACTORS AFFECTING FINANCIAL REPORTING QUALITY IN NIGERIA PUBLIC SECTOR

Authors:
Nosa A.E Omoregie; Usifo, John Eromosele

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1Nosa A.E Omoregie; 2Usifo, John Eromosele
1. Department of Accounting Faculty Of management Sciences, Ambrose Alli University Epkoma Edo State.
2. Department of Accounting, Faculty of Management Sciences, Ambrose Alli University, Ekpoma, Edo State.

MLA 8
Omoregie, Nosa A.E, and Usifo, John Eromosele. "FACTORS AFFECTING FINANCIAL REPORTING QUALITY IN NIGERIA PUBLIC SECTOR." Int. j. of Social Science and Economic Research, vol. 5, no. 5, May 2020, pp. 1172-1185, ijsser.org/more2020.php?id=82. Accessed May 2020.
APA
Omoregie, N., & Eromosele, U. (2020, May). FACTORS AFFECTING FINANCIAL REPORTING QUALITY IN NIGERIA PUBLIC SECTOR. Int. j. of Social Science and Economic Research, 5(5), 1172-1185. Retrieved from ijsser.org/more2020.php?id=82
Chicago
Omoregie, Nosa A.E, and Usifo, John Eromosele. "FACTORS AFFECTING FINANCIAL REPORTING QUALITY IN NIGERIA PUBLIC SECTOR." Int. j. of Social Science and Economic Research 5, no. 5 (May 2020), 1172-1185. Accessed May, 2020. ijsser.org/more2020.php?id=82.

References
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Abstract:
This study examined some factors affecting financial reporting quality in the Nigeria public sector using one hundred and fifty (150) copies of likert-scale questionnaire comprising fifteen questions (with three questions representing financial reporting quality and three questions representing each of the four explanatory variables) which were administered to civil servants, members of civil society organisations, legal practitioners, academics, and professional accountants in office of the auditor general of the federation. The estimation of the responses of ninety-five (95) useable retrieved questionnaire done with the aid of ordinary least square regression techniques shows that internal control has a significant negative relationship with financial reporting quality; Public account committee effectiveness has a significant negative relationship with financial reporting quality; Stringent penalty for financial misconduct has an insignificant negative relationship with financial reporting quality; and Adoption of IPSAS has a significant positive relationship with financial reporting quality in Nigeria public sector. It is recommended that public sector accounting set-up in Nigeria should include efficient and effective internal control mechanism, functional public account committee and incorporation of IPSAS requirements into the financial statements reporting framework.

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