Browsing by Author "Wijekoon, W. M. H. N."

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    Determinants of Banks’ Profitability: Empirical Evidence from Sri Lanka
    (Department of Accountancy, University of Kelaniya, Sri Lanka., 2024) Ruwanthika, W. M. T.; Wijekoon, W. M. H. N.; Gunathilaka, R. C.
    The objective of this paper is to examine the effect of bank specific, industry specific and macro-economic determinants namely, bank size, capital adequacy, credit risk, liquidity risk, operating cost efficiency, assets management, diversification, market concentration, inflation and interest rate on Sri Lankan commercial banks’ profitability over the period from 2010 to 2019. The study used quantitative research approach and analyzed secondary data using E views software of 11 Sri Lankan commercial banks over a period of 2010 to 2019. Multiple panel regression method was used to investigate the effects of bank specific, industry specific and macro-economic determinants on the profitability of commercial banks in Sri Lanka. The result of the study suggests that bank size, capital adequacy, asset management and interest rates bring positive effects on the banks’ profitability, while credit risks bring negative effects on commercial banks’ profitability. This study is one of the pioneering studies examining the determinants of the profitability of commercial banks in emerging economies. The implications of this study would be helpful for policy makers and regulatory bodies in revising their existing practices for developments in the banking sector in achieving the economic growth. Further, this study sheds light on Sri Lankan commercial banks to understand the significant determinants on their overall profitability and set strategies to accordingly.
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    Integrated Reporting Assurance: Perceptions of Auditors in Sri Lanka
    (Department of Accountancy, University of Kelaniya, Sri Lanka., 2024) Sewwandi, W. D.; Herath, H. M. M. N.; Wijekoon, W. M. H. N.
    The purpose of this paper is to identify the perceptions and differences in the perceptions between the auditors on the assurance service of integrated reporting in Sri Lankan context. This research mainly focuses on the importance of assuring the IR, form and content of an audit report on IR, challenges of assuring IR and future of the IR assurance. The population of the research consists of auditors who provide assurance services on Integrated Reporting in Sri Lanka. Two hundred questionnaires were sent to assurance experts through the emails generating 115 usable responses. The analysis is done using non-parametric statistics which is the Kruskal-Wallis test. Empirical results prove that it is necessary to have an external assurance on an entity’s integrated report and it is important to audit the complete content of integrated reporting. When comparing the auditors' perceptions based on their respective rankings, the results indicate that there is a noticeable difference in how auditors view the necessity of Integrated Reporting (IR) assurance and their opinions on the appropriate level of assurance. Limiting the study to a single jurisdiction is an inherent limitation. In this paper differences and similarities are evaluated based on only the rank of the assurance providers. The findings of this research could be valuable for the International Integrated Reporting Council, the International Auditing and Assurance Standards Board, and other regulatory agencies and useful for academics and practitioners interested in providing assurance on IR.