Impact of International Public Sector Accounting Standards (IPSAS) Adoption on Accountability and Transparency in the Tanzanian Public Sector Organizations

CPA Paul L. Ulaya, Dr. Nelsen A. Rahul, CPA David D. Kiwia

Abstract: The objective of this study was to analyze the effect of international accounting standards on transparency and accountability in Tanzanian public sector organizations. Data was gathered from the ministry of finance of the state of Anambra. The study was conducted using a statistical test tool known as the Wilcoxon. The results of the study revealed that the implementation of international accounting guidelines has significantly increased the level of transparency and accountability within Tanzanian public sector entities. This is expected to improve the country's financial reporting system and provide more meaningful data to decision-makers. Although the study acknowledges that the implementation of the International Public Sector Accounting Standards (IPSAS) has increased the level of transparency in Tanzanian public sector organizations, it also states that this will improve the country's overall financial reporting system. The study also noted that the implementation of international accounting standards has increased the level of accountability in Tanzanian public sector organizations. It recommended that the country's officials adopt effective measures to reduce the level of corruption and improve the country's financial reporting system. The federal government should ensure that the implementation of IPSAS is carried out in order to improve the level of transparency and accountability in Tanzanian public sector organizations.

Keywords: International Public Sector Accounting Standards (IPSAS), transparency and accountability, Tanzanian public sector organizations.

Title: Impact of International Public Sector Accounting Standards (IPSAS) Adoption on Accountability and Transparency in the Tanzanian Public Sector Organizations

Author: CPA Paul L. Ulaya, Dr. Nelsen A. Rahul, CPA David D. Kiwia

International Journal of Management and Commerce Innovations 

ISSN 2348-7585 (Online)

Vol. 11, Issue 1, April 2023 - September 2023

Page No: 1-9

Research Publish Journals

Website: www.researchpublish.com

Published Date: 05-April-2023

DOI: https://doi.org/10.5281/zenodo.7801872

Vol. 11, Issue 1, April 2023 - September 2023

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Impact of International Public Sector Accounting Standards (IPSAS) Adoption on Accountability and Transparency in the Tanzanian Public Sector Organizations by CPA Paul L. Ulaya, Dr. Nelsen A. Rahul, CPA David D. Kiwia