ACCOUNTING REGULATORY FRAMEWORK AND PUBLIC INSTITUTIONS' COMPLIANCE IN NIGERIA
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Date
2015-01
Journal Title
Journal ISSN
Volume Title
Publisher
International Journar of Economics, Commerce and Management, United kingdom
Abstract
This paper is an attempt to investigate the rate of compliance of public institutions with the
framework stipulations of accounting regulations in Nigeria. Series of accounting Regulatory
Provisions guiding preparation and presentation of financial reports in public institutions were
examined. Descriptive statistical methods - Simple Percentage Method (SPM) and Chi-square
were used on 50 Respondents from Ministry of Finance and the Office of Accountant General of
the State of Osun in Nigeria. The paper revealed that there is a positive relationship between
regulatory framework and financial reports preparation and presentations in Osun State. The
study recommends that Proper trainings on public sector accounting and establishments of
performance evaluation of employees should be put in place in order to make public institutions
account more effective in the State of Osun.
Description
Keywords
Accounting, Regulatory Framework, Compliance, Nigeria