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Detecting Financial Statement Frauds Using Beneish Mscore Model Evidence from Sri Lanka

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dc.contributor.author Nimhan, K.A.R.
dc.contributor.author Abeywardhana, D.K.Y.
dc.date.accessioned 2022-06-16T05:48:14Z
dc.date.available 2022-06-16T05:48:14Z
dc.date.issued 2021
dc.identifier.citation Nimhan, K.A.R.; Abeywardhana, D.K.Y. (2021), Detecting Financial Statement Frauds Using Beneish Mscore Model Evidence from Sri Lanka, 07th International Conference for accounting researchers & educators, Department of Accountancy (ICARE 2021), Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka. 24p. en_US
dc.identifier.uri http://repository.kln.ac.lk/handle/123456789/24748
dc.description.abstract Financial statement manipulation refers to the practice of using creative accounting treatments to make a company’s financial statements reflect what the company wants its performance to look like rather than its actual performance. Financial statements are the outcomes of the accounting process that are used by investors, shareholders, management, and other third parties to make various decisions. As a result, one of the greatest challenges facing companies, institutions, and organizations in the twenty-first century is financial statement fraud, which is increasing in quantity and size, affecting people's trust in the credibility of financial statements and corporate reports. Therefore, this study aims to identify the indications of financial statement fraud in public listed companies in the Colombo Stock Exchange (CSE) and to study how the different sectors are affected by the financial statement frauds by applying the Benish M-Score model. The sample of this study consists of all the companies listed in CSE excluding bank, insurance, and diversified financials industry group between for the period of 2016-2020. Accordingly, this study uses secondary quantitative data by using annual reports of the listed companies. The Beneish M-score model has been applied to different listed companies worldwide in order to detect the existence of income manipulation. Therefore, this study concentrates more on these concepts in order to detecting financial statement frauds in Sri Lanka. This study is very useful to the users of financial statements in Sri Lanka. en_US
dc.publisher Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka en_US
dc.subject Beneish M-score Model, Financial Statement Frauds, CSE en_US
dc.title Detecting Financial Statement Frauds Using Beneish Mscore Model Evidence from Sri Lanka en_US


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