The Influence of Custom Values on Implementation of Accrual-Based IPSAS in Tanzanian Public Corporations
- June 1, 2022
- Posted by: rsispostadmin
- Categories: IJRISS, Social Science
International Journal of Research and Innovation in Social Science (IJRISS) | Volume VI, Issue V, May 2022 | ISSN 2454–6186
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.
Keywords- Custom Values, IPSAS, Public Corporations, Tanzania
I. INTRODUCTION
Accounting and auditing matters are central and have a justifiable connection to organizational and national development. With this recognition, the Government of Tanzania has made several reforms in the accounting sector to welcome transparency, accountability, trust, and mobilizes resources. As such, the accounting sector in Tanzania has evolved through several phases which co-existed with the kind of policies that existed. From the colonial era, the Government Accounting Practice of the colonial masters furnishes the account of the government after the union of Zanzibar and Tanganyika and existed between 1965 and 1967. The Government also went conducting training in 1972 and 1973 to
