Stakeholders’ Perception of International Public Sector Accounting Standards (Ipsas) in Ondo State Ministry of Finance, Akure

The study examines the stakeholders’ perception of International Public Sector AccountingStandards (IPSAS) in Ondo State ministry of finance, Akure. The study employed a survey researchdesign with a population of 410 personnel. The study adopted multi-stage sampling techniques toselect the sample size of 116 account personnel. The instrument used for this study was aquestionnaire. The questionnaire titled Stakeholders’ Perception of International Public SectorAccounting Standards Questionnaire (SPIPSASQ) designed on Likert scales. This instrument wasvalidated with the reliability coefficient of (.825). Data collected were analysed using PearsonCorrelation statistics to test the hypotheses. The study revealed that stakeholders’ perception has asignificant relationship with IPSAS implementation at (r .283) while accounting personnel also have asignificant relationship with IPSAS implementation at (r .270) with the p-value of (.002 .003)respectively at 5% level of significance. Based on these findings, the study reveals that thegovernment has not been organized IPSAS training for personnel and the fear of unknowndiscouraged the staff to support the full implementation of the standards. The study, therefore,recommends that the state commissioner for finance should ensure regular training and compliance ofIPSAS standards to enhance government accountability; improve stakeholders’ performance, increaserevenue generation and reduce corruption.