Abstract:
The technology, which takes on specific systems and capabilities with every passing day, has left organizations to engage greater with digital surroundings. While processing the enterprise records in digital surroundings consequences in advantageous outcomes, which include saving time and charges for organizations, it has additionally triggered a brand-new fraud method to return into question, which is a bad effect. This method is known as financial fraud. It has led to a brand-new career to return to prominence in monetary fraud management accomplished in digital surroundings, where the 3M theory and competence detail play a significant function with inside the awareness of monetary fraud. Developments in technology have triggered state-of-the art instances inside agencies to grow and strategic choices to come to be greater enormous, and as a treatment for those causes, allowed forensic audit reviews and forensic accounting to come to be prominent. This study has attempted to analyze whether core skills and traits are powerful in monetary fraud audits in digital surroundings. For this purpose, a survey has been implemented for internal auditors, executive management persons, and forensic accountants of licensed bank companies in Sri Lanka. which have engaged with forensic accounting practices, and due to the survey, it changed into concluded that the core skills and traits of the auditors evaluated as forensic accountants have been near forensic accountants overseas, however, there has been no specific forensic accounting software program in opposition to monetary frauds accomplished digitally and the transactions have been made on audit software program at some point of monetary fraud audits. On the alternative hand, it changed into observed, with inside the studies records, that the accounting career changed into improvement in Sri Lanka, there has been no longer sufficient infrastructure provided, and forensic accounting was also effective in internal audit and quality financial reporting.
