March 2020
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The study was carried out to examine the effect of International Public Sector Accounting Standard (IPSAS) on financial reports' relevance and faithful representation in Kaduna state. In carrying out the study, the Ex-post Facto research design was applied. This involved the examination of financial reports of Kaduna state for the periods 2015 to 2017 with 2016 as a timeline. Data analysis was done through content analysis, while the statistical tool of SPSS Multiple Regression technique was employed to test the formulated hypotheses. Findings revealed that the financial statements of Kaduna state exhibit the qualitative characteristics of relevance and faithful representation after the implementation of International Public Sector Accounting Standards accrual basis. It was therefore recommended that, other states that have not implemented IPSAS accrual accounting basis should do so in order to make their financial reports relevant for decision making and to faithfully represent what they purport to represent.