Browsing by Author "Fahra, M.F.F."

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    The Role of Whistleblowers in Detecting and Preventing Employee Fraud in Licensed Commercial Banks in Sri Lanka: A Qualitative Study
    (Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2023) Fahra, M.F.F.; Gunasekara, U.L.T.P.
    Whistleblowers are an important party in uncovering frauds. This study was conducted to identify the role of whistleblowers in preventing and detecting employee fraud within the licensed commercial banks in SL. Further the research evolved around the main areas of perceived effectiveness of whistleblowing, motivational factors and the challenges faced by the whistleblowers in blowing the whistle. The research used a deductive thematic analysis to cod ethe data collected through the in-depth interviews. With an in-depth interview of 21 executives from 7 licensed commercial bank, three executives from each bank, it was evident that although the perceived effectiveness of whistleblowing is high, there are rooms for improvement in whistleblowing policies, reporting mechanisms, reward, support, and recognition given to the whistleblowers. Further the interviews uncovered that employee awareness on whistleblowing needs to be improved. In conclusion, this research acts as a mirror, reflecting the current state of whistleblowing in Sri Lankan banks. It also serves as a compass, pointing towards ways to strengthen and fortify the system for the future. The key lessons learned stress the shared responsibility of organizations, regulators, and society at large to create an environment where whistleblowers are not just recognized but celebrated for their role in the ongoing fight against fraud. In simpler terms, it's a call to make whistleblowing not just an act of bravery but a celebrated and supported part of ensuring the integrity of our banking systems.
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    The Role of Whistleblowers in Detecting and Preventing Employee Fraud in Licensed Commercial Banks in Sri Lanka: A Qualitative Study
    (International Journal of Innovative Science and Research Technology, 2024) Fahra, M.F.F.; Gunasekare, U.L.T.P.
    The research on employee fraud within licensed commercial banks in Sri Lanka focused on assessing the perceived effectiveness of whistleblowing, identifying motivational factors, and exploring challenges faced by whistleblowers. The Qualitative thematic analysis was used to analyze data collected through in-depth interviews with 21 executives from 7 licensed commercial banks. The findings of the research indicated that while there is a high perceived effectiveness of whistleblowing, there are areas that require improvement in whistleblowing policies, reporting mechanisms, rewards, support, and recognition provided to whistleblowers. The interviews also revealed a need to enhance employee awareness regarding whistleblowing. The research serves as a reflection of the current state of whistleblowing in Sri Lankan banks. It highlights the importance of strengthening and fortifying the whistleblowing system for the future. The key lessons learned emphasize the shared responsibility of organizations, regulators, and society in creating an environment where whistleblowers are not only recognized but celebrated for their crucial role in combating fraud. The research concludes with a call to make whistleblowing more than just an act of bravery but to celebrate and support it as an integral part of ensuring the integrity of banking systems.