The Role of Public Sector Accounting on Accountability in Public Institutions in Ghana

Abstract

The increasing push for accountability in public institutions across Africa is borne out of the various socioeconomic prospects associated with it. It is due to this that public sector accountability is so critical and hence the interest in understanding it and ensuring that it is done properly to meet its intended purpose. This study investigated the role of public sector accounting on accountability in Ghana. This study relied on purposive sampling while using an interview guide and questionnaire for its primary data collection. The findings showed that financial accountability is carried out through five phases. Additionally, it was revealed that proper financial reporting and internal audits have a positive significant impact on financial accountability in public institutions. Finally, the study recommends periodic training and development programmes for public sector accountants and internal auditors as well as perceives financial reporting and internal audits function as a strategic part of the business.
Keywords: Public Sector Auditing, Auditor-General office and public sector accountability

DOI: 10.7176/EJBM/14-20-06

Publication date:October 31^st 2022