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	=== Introduction ===		=== Introduction ===
	IPSAS is an acronym for International Public Sector Accounting Standards. It refers to a set of accounting standards to be used in the preparation and presentation of financial statements of a public sector entity. The standards are expected to be adopted by government entities and its agencies across the globe. Its adoption will enhance accountability and transparency in public sector governance. Public sector refers to all the establishments owned and operated by the government of a country. Its adoption by Nigeria government will project the country as a role model to other African countries and would have ripple effect on neighboring African countries and may facilitate bilateral trades and attract mutual aids and grants to promote economic growth and development in the South of Sahara region referred to as Global South.		IPSAS is an acronym for International Public Sector Accounting Standards. It refers to a set of accounting standards to be used in the preparation and presentation of [[Financial statement\|financial statements]] of a public sector entity. The standards are expected to be adopted by government entities and its agencies across the globe. Its adoption will enhance accountability and transparency in public sector governance. Public sector refers to all the establishments owned and operated by the government of a country. Its adoption by Nigeria government will project the country as a role model to other African countries and would have ripple effect on neighboring African countries and may facilitate bilateral trades and attract mutual aids and grants to promote economic growth and development in the South of Sahara region referred to as Global South.

	=== Setting of IPSAS ===		=== Setting of IPSAS ===