Exploring the Implications of Public-Private Partnerships (PPPs) on Public Sector Accounting and Reporting in Nigeria

• Post by: airjournals
• December 26, 2023
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Ojeh, Nwode Offor
Federal College of Education Technical Isu, Ebonyi State, Nigeria

Abstract This study investigates the implications of Public-Private Partnerships (PPPs) on public sector accounting practices, focusing on stakeholder perceptions and challenges in reporting PPP-related information in Nigeria. Responses from 179 auditors affiliated with DELOITTE, BDO NIG, and CROWE DAFINONE were gathered, with the sample size determined using Yamane’s (1973) formula. The research employs the One Sample T-test as the primary method of analysis to statistically evaluate the significance of stakeholder perceptions and challenges in reporting. Key findings reveal a perception gap among stakeholders regarding the significance of PPPs on public sector accounting practices. Contrary to stakeholders’ perceptions, the empirical evidence suggests a multifaceted and substantial influence of PPPs on various aspects of accounting. Additionally, the study identifies significant challenges faced by stakeholders in reporting PPP-related information, emphasizing transparency issues and unbalanced risk management frameworks. The One Sample T-test results provide quantitative insights into the discrepancies between stakeholder expectations and the empirical reality, offering a robust foundation for evidence-based policy recommendations. Implications of the findings highlight the need for targeted stakeholder engagement strategies, the development of standardized reporting frameworks, and continuous improvement initiatives. Policy recommendations emphasize strategic communication, capacity-building programs, and iterative approaches to enhance public sector accounting practices in the context of PPPs. Overall, this study contributes to the existing body of knowledge surrounding PPPs, providing valuable insights for policymakers, practitioners, and researchers seeking to optimize accounting and reporting frameworks within the realm of collaborative public-private ventures. Keywords Public-Private Partnerships (PPS); Public Sector Accounting; Stakeholder Perception Citation Ojeh, N. O. (2023). Exploring the Implications of Public-Private Partnerships (PPPs) on Public Sector Accounting and Reporting in Nigeria. International Journal of Advanced Finance and Accounting, 4(5), 33-47 https://doi.org/10.5281/zenodo.10432387