http://www.digital.lib.esn.ac.lk//handle/1234/16120 Tue, 21 Apr 2026 12:42:17 GMT 2026-04-21T12:42:17Z http://www.digital.lib.esn.ac.lk//handle/1234/16202 Impact of Audit Quality on Firm Performance Thooyamany, A.; Balagobei, S. Auditing is a crucial component of a firm’s control system. However, in Sri Lanka, there is no standardized or mandatory code of best practices for audit quality. The purpose of this study is to investigate the impact of audit quality on the firm performance of non financial companies listed on the Colombo Stock Exchange. In this study, audit fee, auditor expertise, auditor independence, and audit rotation are considered proxies for audit quality while firm performance is measured by ROA and Tobin’s Q. A sample of 94 non-financial companies listed on the Colombo Stock Exchange was selected for the study comprising 470 observations. Secondary data were collected from the annual reports of these companies for the five-year period from 2017 to 2021. Descriptive and inferential statistics were employed to analyze the data. Correlation analysis was used to examine the relationship between audit quality and firm performance while panel data regression analysis was applied to assess the impact of audit quality on firm performance. The results of the correlation analysis indicate that audit fee and auditor expertise are positively correlated with ROA whereas auditor independence and audit rotation show no relationship with firm performance as measured by ROA and Tobin’s Q. Furthermore, the panel data regression analysis reveals a significant positive impact of audit fees on firm performance while audit rotation positively influences only the ROA of listed companies in Sri Lanka. However, auditor independence and auditor expertise do not exhibit a significant impact on firm performance.This study is valuable for understanding the impact of audit quality on firm performance in the context of developing countries. Wed, 01 Jan 2025 00:00:00 GMT http://www.digital.lib.esn.ac.lk//handle/1234/16202 2025-01-01T00:00:00Z http://www.digital.lib.esn.ac.lk//handle/1234/16201 PERCEIVED ENTREPRENEURIAL COMPETENCIES AMONG TAMIL ENTREPRENEURS IN EASTERN AND NORTHERN PROVINCES OF SRI LANKA Balendran, S. This study examines the perceived entrepreneurial competencies among Tamil entrepreneurs in the Eastern and Northern provinces of Sri Lanka. The primary purpose is to identify and compare the differences and similarities in the entrepreneurial skills required in these regions. Utilizing a descriptive research design, the study surveyed 370 entrepreneurs from small and medium-sized enterprises (SMEs) in both provinces. Data was collected through a structured questionnaire using stratified random sampling. The findings reveal distinct regional strengths: Northern entrepreneurs excel in developing long-term relationships, translating ideas into business contexts, and maintaining operational efficiency, while Eastern entrepreneurs are more proficient in identifying unmet consumer needs, treating new problems as opportunities, and employing diverse learning methods. These differences highlight the need for region-specific strategies to support entrepreneurial development. The study’s conclusions suggest that targeted interventions addressing the unique competencies of each region can enhance entrepreneurial success and foster balanced growth across both provinces. Wed, 01 Jan 2025 00:00:00 GMT http://www.digital.lib.esn.ac.lk//handle/1234/16201 2025-01-01T00:00:00Z