Work

Examining the factors affecting the implementation of international public sector accounting standards (IPSAS) in Zambia

Year: 2025

Type: article

Abstract: The implementation of International Public Sector Accounting Standards (IPSAS) is essential for enhancing transparency, accountability, and comparability in public sector financial reporting. This study examines the challenges Zambia faces in achieving full IPSAS compliance despite its adoption in 2009. A quantitative research approach was employed, collecting primary data from 100 public sector accountants and financial officers in Lusaka through structured questionnaires. Data analysis included descriptive and inferential statistics using SPSS. Findings indicate that government support (B = 0.714, p = 0.005) positively influences IPSAS adoption, while high implementation costs (B = -0.956, p = 0.000) are the most significant barrier. Complexity in transitioning (B = 0.464, p = 0.035) also affects adoption, while professional capacity (B = 0.152, p = 0.457) does not significantly impact implementation. Although Zambia has made progress, these barriers hinder full compliance. Recommendations include enhanced government funding, cost-effective transition strategies, and capacity-building programs to improve IPSAS adoption.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.17222609

Authors: Chilingwe, Felix, Kabwe, Martin

Institution: University of Zambia

Language: English

Topic: Accounting Theory and Financial Reporting

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W7083672719

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