The skills, practical knowledge, academic, and professional qualification for forensic accountants in Sri Lanka

Abstract

Employers in the modern world have a high demand for forensic accountants. However, job holders are unable to meet these standards since they lack the necessary credentials in the field of forensic accounting. This study mainly focused on skills, practical experience, academic qualifications, and professional qualifications to be a forensic accountant in Sri Lanka. This research gathered primary data from 40 Professional accountants in public practice and business practice in Sri Lanka. The majority of professional accountants have accounting, finance, and forensic accounting-related degrees, and completed forensic accounting-related courses and diplomas given by reputable institutions like CA, ACCA, and CIMA. Multidisciplinary skills and more than five years of practical knowledge and experience must be a forensic accountant according to the analysis. According to the findings of this study, job candidates should have accounting, finance, or forensic accounting-related degrees and professional qualification related to the forensic accounting field, multidisciplinary skills, and more than five years of experience in the general accounting field.