INSTITUTIONAL BEHAVIOR AND PUBLIC ACCOUNTABILITY IN THE PROCESS OF IPSAS ADOPTION: A PUBLIC GOVERNANCE PERPECTIVE FROM HANOI

Abstract

This study examines the process of adopting the International Public Sector Accounting Standards (IPSAS) for Cash Flow Statements in public sector entities in Hanoi from a public governance perspective. Using a mixed-methods approach that combines qualitative and quantitative research, the study investigates the factors influencing IPSAS adoption and explores the role of these standards in enhancing financial transparency and public accountability in the public sector. The findings indicate that legal regulations and the professional competence of accounting personnel are the two most significant factors affecting the adoption of IPSAS. From a public governance perspective, these findings reflect the influence of the institutional environment and the adaptive capacity of public sector entities in the ongoing reform of the public accounting system. The study also proposes several policy implications to facilitate IPSAS adoption, thereby strengthening public accountability and supporting the modernization of public governance in Vietnam.