PUBLIC SECTOR ACCOUNTING REFORMS AND THEIR IMPLICATIONS FOR PUBLIC ACCOUNTANTS
This study explores the implications of public sector accounting reforms for public accountants. The objectives are to evaluate the impact of accounting reforms on public sector financial reporting, to assess the role of public accountants in implementing these reforms, and to identify the challenges faced during the reform process. A survey research design was adopted to gather insights from public accountants and government financial officials. Using Taro Yamane's formula, a sample size of 240 respondents was selected to ensure representativeness and reliability. The study focuses on Abuja, Nigeria, as the center of government operations and public sector reforms. The reliability coefficient score for the survey instrument was 0.89, indicating high reliability. Findings indicate that public sector accounting reforms have significantly improved the transparency and accountability of financial reporting. Public accountants play a crucial role in implementing these reforms by ensuring compliance and enhancing the accuracy of financial statements. However, challenges such as resistance to change, limited resources, and the need for continuous training were identified. The study recommends that government bodies provide adequate resources and training to public accountants and foster a culture of continuous improvement to ensure the successful implementation of accounting reforms.
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