An Empirical Analysis of The Mandate Of Higher Educational Institutions In Promoting International Public Sector Accounting Standards (IPSAS) Adoption In Ghana

Abstract

The International Public Sector Accounting Standards (IPSAS) adoption is very important for public sector financial reports’ transparency, accountability and efficiency. As Ghana moves towards adopting and implementing IPSAS, higher education institutions have a critical role to play in preparing future accountants to adhere to these standards. This research investigates the level of inclusion of IPSAS principles in accounting curricula offered by Ghanaian universities and colleges and the effectiveness of those programs in equipping students with skills and knowledge required. In this present study, researchers used a combination of mixed-methods that involved analyzing curriculum, surveying students and graduates while interviewing educators; therefore, highlighting the state of IPSAS education in Ghana. The results reveal notable differences in the integration of IPSAS across institutions whereby some have comprehensive coverage while others give little attention. Significant challenges include lack of resources; gaps in skills; as well as resistance to curricular modifications. Therefore this study suggests improvements on curriculum development, faculty training, industry linkages and increased access to digital technologies so that all graduates are prepared for effective implementation of IPSAS.