TABLE OF CONTENTS

Title Page    -        -        -        -        -        -        -        -        -        i

Declaration Page   -        -        -        -        -        -        -        -        ii

Certification           -        -        -        -        -        -        -        -        iii

Dedication            -        -        -        -        -        -        -        -        iv

Acknowledgement -        -        -        -        -        -        -        -        v

Table of content    -        -        -        -        -        -        -        -        vii

List of Tables        -        -        -        -        -        -        -        -        xi

Abstract      -        -        -        -        -        -        -        -        -        xiii

CHAPTER ONE:  INTRODUCTION

1.1     Background of the Study          -        -        -        -        -        1

1.2     Statement of the Problem s        -        -        -        -        -        4

1.3     Objectives of the Study            -        -        -        -        -        5

1.4     Research Questions        -        -        -        -        -        -        6

1.5     Research Hypotheses      -        -        -        -        -        -        7

1.6     Significance of the Study          -        -        -        -        -        7

1.7     Scope and limitation of the Study                 -        -        -        8

1.8     Organization of the Study       -            -        -        -        -        10

1.9     Operational definition of Terms           -        -        -        -        10

CHAPTER TWO: REVIEW OF RELATED LITERATURE

2.1     Conceptual Framework   -        -        -        -        -        -        13

2.1.1    IPSAS Adoption and Quality of Financial Reporting            -           -           -           14

2.1.2  IPSAS Adoption and Accountability -      -       -      -        -        14

2.1.3  IPSAS Adoption and Transparency-     -       -        -        -        15

2.1.4  IPSAS Adoption and Value Relevance         -        -        -        15

2.1.5  IPSAS Adoption and Comparability   -            -             -           16

2.1.6  IPSAS Adoption and Full Representation-    -        -        -         16

2.1.7  Prospects of Adoption of IPSAS in Nigeria         -           -         17

2.1.8  Challenges facing the adoption of IPSAS in Nigeria         -        18

2.1.9  Steps to Take for A Smooth Implementation of IPSAS    -        22

2.2     Theoretical Framework   -        -        -        -        -             -    25

2.2.1  Innovation in services theory    -        -        -        -        -        25

2.2.2      Public sector and innovation systems theory -        -        -        27

2.2.3      Signaling Theory  -        -        -        -        -        -        -        29

2.3         Empirical Review   -        -        -        -        -        -        -        30

2.3.1  International Evidence    -        -        -        -        -        -        30     

2.3.2  Local Evidence      -        -        -        -        -        -        -        33

CHAPTER THREE: RESEARCH METHODOLOGY

3.1    Research Design   -        -        -        -        -        -        -        37

3.2     Source of Data      -        -        -        -        -        -        -        38

3.3     Population of the Study             -        -        -        -        -        38

3.4     Sample Size Determination      -        -        -        -        -        38

3.5     Data Collection Technique       -        -        -        -        -        39

3.6      Method of Data Analysis            -                -         -        -        39

3.7     Model Specification                -        -        -        -        -        40

3.8       Decision Criteria for Validation of Research Hypothesis   -        -        41

CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND FINDINGS

4.1     Presentation and Analysis of Data     -        -        -        -        42

4.2       Hypothesis Testing        -        -        -        -        -        -        50     

4.2.1 Hypothesis One      -        -        -        -        -        -        -        50

4.2.2  Hypothesis Two    -        -        -        -        -        -        -        52

4.2.3  Hypothesis Three  -        -        -        -        -        -        -        54

4.2.4  Hypothesis Four   -        -        -        -        -        -        -        56

4.2.5  Hypothesis Five    -        -        -        -        -        -        -        58

4.3     Discussion of Findings     -          -     -        -        -        -        60

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND                                          RECOMMENDATIONS                         

5.1    Summary of Findings      -        -        -        -        -        -        62

5.2Conclusion  -        -        -        -        -        -        -        -        63

5.3     Recommendations          -        -        -        -        -        -        64

REFERENCES   -        -        -        -        -        -        -        -        66

APPENDICES    -        -        -        -        -        -        -        -        70

LIST OF TABLES

Table 4.1: Number of Respondents-   -        -                  -        -        42

Table 4.2   Gender -        -        -        -        -        -        -        -        43

Table 4.3   Highest Academic qualification  -        -        -        -        43

Table 4.4   Years of experience -          -           -        -       -        -        44

Table 4.5   Adoption of IPSAS -        -        -        -        -        -        44

Table 4.6 IPSAS adoption will engender overall full representation of financial reporting in the Nigeria Public Sector -    -        -        -        45

Table 4.7 IPSAS adoption has positive impact on financial reporting quality in the Nigerian Public Sector?       -        -        -        -        -        45

Table 4.8 Would the adoption of IPSAS promote bilateral relationships between Nigeria and other countries? -  -        -        -        -        46

Table 4.9 IPSAS adoption would improve the chances of employing competent professionals in the civil service -   -        -        -        -        47

Table 4.10 The adoption of IPSAS will drastically improve the accountability and transparency in the Nigeria public sector -     -        47

Table 4.11 The adoption of IPSAS will greatly improve the comparability of financial information reports in the Nigerian public sector and international best practice? -   -        -          -        -        -        -        -        -        48

Table 4.1