Abstract:
The study analysed the perceptions of Controller and Accountant General
Department Staff on Adoption towards International Public Sector Accounting
Standards in Ghana. Primary data were collected through a questionnaire
distributed to 240 accountants, financial analysts and auditors of the CAGD.
The collected data was analysed using both SPSS the partial least square
estimation technique and the research design used was explanatory. The
findings of the study revealed that the accountants, financial analysts and
auditors of CAGD possess awareness of IPSAS, a solid understanding of its
key principles and concepts, receive adequate training and express confidence
in applying IPSAS principles in their daily work. Further, the study reveals
that staff perceives challenges in integrating IPSAS into their daily functions
and believe the adoption of IPSAS will enhance the accuracy and transparency
of financial reporting at CAGD. Additionally, the study establishes that IPSAS
acts as a promoter of financial reporting accuracy. Moreover, staff believes
that additional training is necessary for CAGD staff to align with IPSAS.
Hence, it was recommended that the management of CAGD should develop
targeted communication strategies to continuously promote awareness of
IPSAS principles and concepts among CAGD staff. Also, they should offer
regular training sessions to reinforce and deepen the understanding of IPSAS
principles, ensuring that accountants, financial analysts and auditors stay
updated on any changes or updates. Again, the management of CAGD should
endeavour to formulate specific plans to address the challenges perceived by
staff in integrating IPSAS into daily functions. Besides, accountants, financial
analysts and auditors at CAGD should continuously emphasise the importance
of IPSAS in promoting financial reporting accuracy, highlighting the benefits
and impact on the credibility of financial disclosures. Finally, the management
and decision makers of CAGD should establish a structured and on-going
training programme focused on IPSAS for CAGD accountants, financial
analysts and auditors, ensuring that it addresses specific areas identified by
respondents as needing additional training.
