Browsing by Author "Perera, K. H."

Now showing 1 - 3 of 3

Stakeholders’ Perception on Auditors’ Role and Its Impact on Audit Expectation Gap with Special Reference to Licensed Commercial Banks in Sri Lanka
(Department of Finance, University of Kelaniya., 2022) Prawanth, S.; Perera, K. H.
Purpose: This study was conducted to understand the stakeholder perception on auditors’ role and its impact on audit expectation gap. Design/Methodology/Approach: A sample of 457 shareholders, employees, customers, and auditors from different licensed commercial banks were selected for the study using the convenience sampling method. Information collected through questionnaires was analyzed using descriptive analysis and Mann Whitney U test. Findings: The study revealed an audit expectation gap between auditors and the shareholders; the auditors and customers; and auditors and employees in the areas of audit responsibility, the usefulness of audited financial statements, audit education, and providing non-assurance services. However, this gap was not significant with regard to audit reliability among auditors and employees. Practical Implication: The main reason behind this gap is the lack of proper education and understanding of the audit standards and audit practices. This gap can be reduced by giving adequate knowledge and awareness of audits to the stakeholders and the users of financial statements in general. Limitations: The study considered the stakeholders of licensed commercial banks in Sri Lanka, whereas there are so many other financial institutions registered under the Central bank of Sri Lanka.
Study on the Impact of National Policy Framework on the Performance of Small and Medium Enterprises (SMEs) in Gampaha District
(Faculty of Commerce and Management Studies University of Kelaniya, Sri Lanka, 2020) Bandara, E. W. N. D.; Perera, K. H.; Madushika, H. P. K.
SMEs in Sri Lanka steers Sri Lankan economy as they increase gross domestic product and the employment opportunities. With the past statistical data it was indicated that a mixture of success and failure are faced by SMEs as a result of current economic situation. So as a supportive partner, government has given number of opportunities and reliefs to overcome the failures faced by SMEs. Hence, the main purpose of this study is to investigate the effect of national policy framework on the performance of small and medium enterprises in Gampaha District, Sri Lanka by analyzing the national policies formulated by the Sri Lankan government. Data were collected using questionnaires and interviews for the study. It was found out that there is a significant relationship between National Policy Framework and SME’s performance in Sri Lanka. The study will provide guidance to all relevant authorities including the government of Sri Lanka in identifying the application of policies designed and in making corrective actions. Further, this study offers some relevant recommendations to policy makers to implement better policies which are more favorable for business owners.
The Impact of Assets Liability Management on the Financial Performance: Evidence from Licensed Commercial Banks in Sri Lanka
(Department of Accountancy, University of Kelaniya, Sri Lanka., 2022) Madhushani, W. I.; Perera, K. H.
The banking sector in Sri Lanka is one of the most dynamic and vibrant sectors of the economy. The banks are influenced by various types of risks and discrepancies which have a direct impact on the profitability of their short-term & long-term operations and sustainable capacity of earnings. The effective Assets Liability Management process will closely monitor and equalize both assets and liabilities and focus on the stability of adverse influences of both risks and discrepancies. The study aims to examine the significant impact of ALM on the financial performance of the licensed commercial banks in Sri Lanka from the financial year 2011 to 2020. Capital Adequacy Ratio (CAR), Non-Performing Loan Ratio (NPLR), Income Diversification Ratio (IDR), Liquidity Ratio (LR) and Operational Efficiency Ratio (OER) were used as asset liability indicators while Return on Assets (ROA) and Return on Equity (ROE) used as financial performance indicators. This study used secondary sources to collect data, such as published annual reports of licensed commercial banks and a central bank web site and selected all 24 licensed commercial banks in the population as the sample. The study used descriptive statistics, correlation analysis, and regression analysis to establish the relationship and effect of the ALM on the financial performance of the commercial banks in Sri Lanka. The findings indicate a significant negative relationship between NPLR and both ROE and ROA. The income diversification had a significant positive relationship with the ROA and also the ROE. Operational efficiency had a significant negative relationship with both ROE and ROA. The level of liquidity had a significant negative relationship with both ROA and ROE. The level of capital adequacy had a significant negative relationship with ROE. There is no significant relationship between CAR and the ROA. Based on the findings, which have the greatest implications for the policymakers who govern the financial performance of the banking sector, regulators who make regulatory requirements related to the banking sector, potential investors who invest in the banking sector and all other stakeholders & future researchers who are interested in the banking sector.