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The Influence of Custom Values on Implementation of Accrual-Based IPSAS in Tanzanian Public Corporations

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  • Williard Yohana Kalulu

    (Research Scholar, Department of Accounting and Finance, The University of Dodoma, Dodoma, Tanzania)

Abstract

Accounting and auditing matters are central and have a justifiable connection to organizational and national development. The purpose of this paper is to assess the influence of custom values on implementation of accrual-based IPSAS in public corporations in Tanzanian. To attain this objective qualitative and quantitative research approaches were used whereby cross-sectional survey research design techniques of data compilation method were used. Both primary data and secondary data were involved in the form of interviews, document reviews and survey. Systematic and unsystematic random sampling and purposively sampling was used as sampling procedures in the study, this study involved with the sample size of 99 respondents from the Public Corporation. The findings reveal that statutory control is positively related to the implementation of accrual-based IPSAS while transparency and conservatism were found to be negatively related to the implementation of accrual-based IPSAS. The findings also revealed that only conservatism was found to be insignificantly related to the implementation of accrual-based IPSAS. The study recommended that the accrual-based IPSAS should be embraced by all stakeholders and prescribed as a basis for the preparation of public sector financial statements. Thus, the parliament and other government bodies should influence the implementation of accrual-based IPSAS in public sector organizations.

Suggested Citation

  • Williard Yohana Kalulu, 2022. "The Influence of Custom Values on Implementation of Accrual-Based IPSAS in Tanzanian Public Corporations," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(5), pages 258-265, May.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:5:p:258-265
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    References listed on IDEAS

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    2. Giovanna Dabbicco, 2015. "The Impact of Accrual-Based Public Accounting Harmonization on EU Macroeconomic Surveillance and Governments’ Policy Decision-Making," International Journal of Public Administration, Taylor & Francis Journals, vol. 38(4), pages 253-267, March.
    3. David R. Borker, 2016. "Gauging the Impact of Country-Specific Values on the Acceptability of Global Management Accounting Principles," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 149-164.
    4. Mukah Samuel Tanjeh, 2016. "Factors Influencing the Acceptance of International Public Sector Accounting Standards in Cameroon," Accounting and Finance Research, Sciedu Press, vol. 5(2), pages 1-71, May.
    5. Zeghal, Daniel & Mhedhbi, Karim, 2006. "An analysis of the factors affecting the adoption of international accounting standards by developing countries," The International Journal of Accounting, Elsevier, vol. 41(4), pages 373-386, 012.
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