Abstract:
This study investigated adoption of international public sector accounting standards and quality
of financial reporting in Rwanda for the period of 2013-2023. Primary data were extracted from
respondents of public institutions in Kamonyi district of Rwanda. The data was coded and
quantified. The study adopted a cross sectional correlation and survey designs and employed
both quantitative and qualitative approaches, a census sampling technique and robust regression
model. The population size was 106 and a sample size of 106. The study adopted four
independent variables as revenue recognition adoption, depreciation measurement adoption,
Lease classification and asset classification. The study revealed that Revenue recognition has
negative and statistically not significant; Depreciation measurement adoption has positive and
statistically not significant; Asset classification standard estimate has negative and statistically
not significant; and Lease classification adoption has positive and statistically significant impact
on quality of financial report in Kamonyi district of Rwanda. Based on the findings, the study
concluded that the adoption impacted quality of IPSAS but not significantly. Accordingly, this
study recommends that revenue recognition standard adoption of IPSAS should be hyped in
order for more operators to adopt and embraces it. The sponsored Depreciation measurement
method by IPSAS should be sustained. Persistent education on Asset classification standard
should be sustained if its adoption significantly affected quality financial report; and the lease
classification in the IPSAS should be maintained. This study recommends that further studies
could be undertaken to cover other districts within Rwanda. This provide a more elaborate
generalization of research outcomes in relation to issues under discourse which this is unable to
capture.
