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Why do you Need to do Forensic Audit?

Forensic audit in Sri Lanka is an investigation and evaluation of an organisation's financial information for use as evidence in court. A forensic audit can be conducted in order to accuse a party under following three wide range of investigations such as; Corruption There are three types of corruption frauds:…
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SLFRS 16: The standard for leases has been changed – Are you ready?

The Institute of Chartered Accountants of Sri Lanka (CASL) has published SLFRS 16 Leases with an effective date of 1 January 2019. The new standard requires lessees to recognise most leases on their balance sheets. The new standard will mainly affect all commonly used financial ratios and performance indicators, such…
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Who needs to register for Employer’s Provident Fund (EPF)?

In accordance with the EPF Act No 15 of 1958, all entities, with the exception of following types of entities need to register for EPF: Public organisations such as government departments Organisations run only by family members Charitable or social service organisations with a workforce of less than 10 persons…
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