Browsing by Author "Peshori, K."

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    Forensic Audit: An Investing Audit Tool for Government Funded Industries & Projects
    (5th International Conference for Accounting Researchers and Educators (ICARE – 2019), Department of Accountancy, Faculty of Commerce & Management Studies, University of Kelaniya, Sri Lanka, 2019) Peshori, K.
    Forensic audit is the study of companies’ financial records in order to find out the evidence of frauds. There has been urge for forensic audit in recent era which has seen the revaluation of digital world, ATMs, E-payments, E-commerce, and E-Wallet. The increase in use of E wallets, E commerce has led to also in increase in number of frauds real estate, financial services, telecom, hospitality, and tourism. This has caused not only huge loss to the concern industry but had also put its survival at stake. At the same time it has also caused a drain on the tax payer’s money as most of these industries are having equity participation through governmental agencies. The study restricts itself to forensic audit as an investing tool for government institutions and thereby all the case studies presented below will be based on the basic assumption that the loans are from government banks. The study relies more on secondary data taken from various journals, reports & websites.