The Impact of IPSAS on the Quality of Financial Reporting in Public Sector Organizations

Abstract

The Kingdom's General Treasury's accession to the IPSAS board in 2012 represents a significant advancement in public sector accounting reform in Morocco. This initiative aligns with the principles of the Moroccan Constitution of 2011 regarding transparency and accountability, as well as with the requirements of Organic Law No. 130-13 on finance, which mandates the State to maintain comprehensive accounts alongside budgetary accounts. This move aims to enhance good governance and improve the management of public finances. Our research is based on a quantitative study involving a sample of 84 respondents, aimed at assessing the level of IPSAS adoption among Moroccan public sector practitioners and analyzing its impact on the comparability, reliability, relevance, and intelligibility of financial information. The results indicate that, despite increasing awareness, the level of IPSAS adoption remains low in Morocco. Nevertheless, respondents unanimously acknowledge that these standards significantly enhance the quality of financial information.