IPSAS ADOPTION AND FINANCIAL REPORTING QUALITY IN PUBLIC SECTOR OF THE SOUTH WESTERN NIGERIA: ASSESSMENT OF THE MEDIATING ROLE OF CONTINGENCY FACTORS.

ABSTRACT: The study investigated the mediating/moderating role of contingency factors in the relationshipbetween IPSAS adoption and financial reporting quality in the South Western Nigeria. The public service in thesix states of the south western Nigeria is the focus of the study. A total of 400 respondents are covered in thesurvey and professional staff like auditors and accountants in the public service form the nucleus of therespondents. Well-structured questionnaire was constructed and administered. The data harvested was anlysedusing Structural Equation Modelling. the influence of IPSASs adoption on financial reporting quality isdetermined by contingency factors in the sample States. It is therefore recommended that states should take intocognisance the peculiar contingency factors in the State. This study showed that contingency factors mediate theassociation between IPSASs adoption and financial reporting quality.

Key Words: IPSAS Adoption, Financial Reporting Quality, Contingency Factors, Mediating/ModeratingFactors