Title:
IPSAS Implementation, Extent of Compliance, Responsible Factors, and Impacts: A Review of Literature

Authors:
Muyiwa Ezekiel ALADE, Nigeria

Abstract:

The study is a review of extant literature on International Public Sector Accounting Standards (IPSAS) adoption and implementation, with major focus on studies conducted in developing nations. This was necessitated by confounding submissions regarding the effects of IPSAS on quality of accounting information reported under it and very rare attention on review of studies conducted in developing economies. The existing studies reviewed were selected systematically by focusing on published peer-reviewed articles for a period from 2010 to 2025 and as extracted from google scholar. Major attention was accorded studies that focused on developing economies. It was discovered that most of the existing studies found no full compliance with IPSAS disclosure requirements and that IPSAS helps to enhance transparency and accountability, but with mixed effect on corruption eradication or reduction in developing economies. It is recommended that empirical investigation should be extended to determine the extent of compliance with all IPSASs already in issue. Legal institutional support for IPSAS’s improved implementation should also be prioritised.

DOI: https://doi.org/10.51505/IJEBMR.2025.9806