Applying International Public Sector Accounting Standards (IPSAS) as an Approach to Developing the Accounting System in Government Units: A Field Study

Abstract

The development of government accounting systems has become an essential requirement for enhancing transparency, accountability, and efficiency in the management of public resources. International Public Sector Accounting Standards (IPSAS) represent one of the most important international frameworks designed to improve the quality of financial reporting in the public sector. These standards aim to provide reliable, transparent, and comparable financial information that supports decision-making and strengthens public financial management. This study aims to examine the role of applying International Public Sector Accounting Standards (IPSAS) in developing the accounting system in government units. It seeks to identify the extent to which IPSAS contributes to improving the quality of financial reporting, enhancing transparency and accountability, and supporting effective financial management within government institutions. To achieve the objectives of the study, a field study approach was adopted by collecting data from employees working in accounting and financial departments in government units through a structured questionnaire. The data were analyzed using appropriate statistical methods to test the study hypotheses and determine the relationship between IPSAS implementation and the development of government accounting systems. The results of the study indicate that the application of IPSAS plays a significant role in improving the efficiency and effectiveness of government accounting systems, enhancing financial disclosure, and providing more accurate financial information for decision-makers. The findings also reveal that the successful implementation of IPSAS requires adequate training, institutional support, and the development of regulatory and technological infrastructure. The study recommends that government institutions adopt clear strategies for implementing IPSAS, provide continuous professional training for accounting staff, and develop supportive legislative and administrative frameworks to ensure the successful transition toward internationally recognized public sector accounting practices.