Browsing by Author "Perera, K. H."

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Stakeholders’ Perception on Auditors’ Role and Its Impact on Audit Expectation Gap with Special Reference to Licensed Commercial Banks in Sri Lanka
(Department of Finance, University of Kelaniya., 2022) Prawanth, S.; Perera, K. H.
Purpose: This study was conducted to understand the stakeholder perception on auditors’ role and its impact on audit expectation gap. Design/Methodology/Approach: A sample of 457 shareholders, employees, customers, and auditors from different licensed commercial banks were selected for the study using the convenience sampling method. Information collected through questionnaires was analyzed using descriptive analysis and Mann Whitney U test. Findings: The study revealed an audit expectation gap between auditors and the shareholders; the auditors and customers; and auditors and employees in the areas of audit responsibility, the usefulness of audited financial statements, audit education, and providing non-assurance services. However, this gap was not significant with regard to audit reliability among auditors and employees. Practical Implication: The main reason behind this gap is the lack of proper education and understanding of the audit standards and audit practices. This gap can be reduced by giving adequate knowledge and awareness of audits to the stakeholders and the users of financial statements in general. Limitations: The study considered the stakeholders of licensed commercial banks in Sri Lanka, whereas there are so many other financial institutions registered under the Central bank of Sri Lanka.
Study on the Impact of National Policy Framework on the Performance of Small and Medium Enterprises (SMEs) in Gampaha District
(Faculty of Commerce and Management Studies University of Kelaniya, Sri Lanka, 2020) Bandara, E. W. N. D.; Perera, K. H.; Madushika, H. P. K.
SMEs in Sri Lanka steers Sri Lankan economy as they increase gross domestic product and the employment opportunities. With the past statistical data it was indicated that a mixture of success and failure are faced by SMEs as a result of current economic situation. So as a supportive partner, government has given number of opportunities and reliefs to overcome the failures faced by SMEs. Hence, the main purpose of this study is to investigate the effect of national policy framework on the performance of small and medium enterprises in Gampaha District, Sri Lanka by analyzing the national policies formulated by the Sri Lankan government. Data were collected using questionnaires and interviews for the study. It was found out that there is a significant relationship between National Policy Framework and SME’s performance in Sri Lanka. The study will provide guidance to all relevant authorities including the government of Sri Lanka in identifying the application of policies designed and in making corrective actions. Further, this study offers some relevant recommendations to policy makers to implement better policies which are more favorable for business owners.