The possibility of developing the Libyan government accounting system in accordance with the requirements of the International Public Sector Accounting Standards (IPSAS)

Abstract

This study aims to identify the reality of the Libyan government accounting system and to indicate the possibility of its scalability for development and modernization in light of the requirements for the application of international accounting standards in the public sector IPSAS. . The data was collected by distributing questionnaire forms to the participants, who were included in the study sample, (233) questionnaire forms were distributed to the participants, (33) forms were distributed electronically using the Google form program, (200) forms were distributed manually, by the researchers themselves received from them ( 144) forms, of which (43) were found invalid for analysis. Either because they are completely or partially devoid of answers, or the respondent has chosen several and opposing options to answer the same question, which necessitated its exclusion, Hence, the proportion of the forms that can be analyzed together became approximately 71.7% of the total forms distributed. To analyze the data and test hypotheses, the Statistical Package for Social Sciences (SPSS) program was used, where some descriptive statistics tests were conducted. (frequencies, arithmetic mean, standard deviation), and analytical statistics (one-sample t-test, one-way test of variance). The study concluded that there is a need to develop the current system to keep pace with modern developments. The most important problems facing the current system are the lack of training and continuing education programs for accountants, and the weak role of professional organizations.