Many advocates of the International Public Sector Accounting Standards (IPSAS) have argued that it can enhance public sector accountability and governance quality. Some studies particularly Cuadrado-Ballesteros and Bisogno (2020) demonstrate that the adoption of accrual-based IPSAS by a sample of 33 Organization for Economic Co-operation and Development (OECD) countries for the period 2010–2014 resulted in significant improvement in governance quality.

In a recent debate with a colleague on the findings of the above paper, you strongly opined that these findings cannot be generalized to African countries due to their tendency to become ‘label adopters’.

As data on the variables used in the above study are publicly available from the sources listed in the paper, you have decided to subject your opinion to an empirical test by replicating the study using African countries. Your report should be between 10 to 15 pages using Times New Roman double line spacing. Based on your findings, is there a link between IPSAS adoption and governance quality in Africa?

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Answer In pursuit of this objective the IPSASB supports the convergence of international and national public sector accounting standards and the conve... View the full answer