Localizing the Composition and Functions of State IPSAS Committee: How Should the Working Mechanics of the Magic Shoe be in Katsina State
DOI:
https://doi.org/10.61143/umyu-jafr.4(2)2022.004Abstract
globalization has brought about ever increasing collaboration in international financial dealings such as international trade and other 21st century vital commercial innovationsamong the countries of the world. To bring more veritable success and smooth dealings, IPSAS was created to among other things engage the public sector in to more transparent financial dealings such that they will benefit from such enormous international financial innovation and sophistications. The question is why is Katsina state not taking this enviable advantage and gain an opening in to its stream of revenue base, job opening, infrastructural opportunity and accessibility to varied international financial credits just to mention a few? To be part of this opportunity, harmonizing the structural composition of the state’s public sector financial accounting is among the single most omnipotent restructuring that the state need to embark upon at the onset. To this end, spawning the glocalization of IPSAS from the national level to Katsina states accounting systems is the first cardinal principle that will help in aligning the state to capture the aforementioned vitalities. In addition to that, the glocalization of IPSAS in Katsina state will help in opening up another milestone towards the successful assurance of the state’s financial transparency in line with the requirements of the World Bank, the IMF, UN, and etc. It is in line with this development that this paper opens up the conceptual glocalization process of IPSAS for the case of Katsina State
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