Healthcare Policy and Development: The Effect of International Public Sector Accounting Standards (IPSAS) on the Financial Development of Federal University Teaching Hospitals.

Authors

  • Robert Azu Nnachi
  • Nnachi Egwu Onuoha
  • Ogbonnaya Okpara Elechi
  • Benedette Nneka Okezie

DOI:

https://doi.org/10.20372/ejhd.v38i4.6397

Abstract

Abstract Background: Globally, healthcare development faces numerous challenges; emerging economies, particularly those in Africa, appear to be worse off as a result of institutional regulatory weaknesses, infrastructural inadequacies, and system failures. These issues contribute to financial fraud, lack of efficient financial control, and weak financial reporting systems. Objectives: The objective of the study is to determine the impact of International Public Sector Accounting Standards (IPSAS) on the financial development of the federal university teaching hospitals in Nigeria. Method:  The study adopted a descriptive research design.  A sample size of 70 was used, and linear regression was employed to model and predict the relationship between the dependent variable and the independent variables. Results: The results of the analysis indicate that International Public Sector Accounting Standards (IPSAS) have a significant positive impact on fraud prevention, with an impact of 51.8%. Additionally, the results show that IPSAS significantly positively affects financial control, with an effect of 48.2%. Finally, the analysis reveals that IPSAS has a significant positive impact on the quality of financial reporting, with an effect of 31.1%. Conclusion: The study concludes that appropriate authorities should make a concerted effort to strengthen the adoption of IPSAS in Nigerian federal university teaching hospitals through regular reviews and staff training. Governments at all levels should ensure IPSAS is fully domesticated and properly implemented in all areas of healthcare management. [Ethiop. J. Health Dev. 2024; 38(4): 00-00] Keywords: Healthcare Development, Fraud control, Fraud prevention, Nigerian, Federal University Teaching Hospital.

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Published

2024-12-25

How to Cite

Robert Azu Nnachi, Nnachi Egwu Onuoha, Ogbonnaya Okpara Elechi, & Benedette Nneka Okezie. (2024). Healthcare Policy and Development: The Effect of International Public Sector Accounting Standards (IPSAS) on the Financial Development of Federal University Teaching Hospitals. The Ethiopian Journal of Health Development, 38(4). https://doi.org/10.20372/ejhd.v38i4.6397

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