Abstract:
"
Fraudulent and illegal financial flows is not new in the financial markets having recorded of
several cases over the past decades. Fraudulent, Financial Crime, Misconducts, Cybercrime,
Money Laundering and Accounting fraud has become a major issue globally where
organizations lose 5% of their revenue every year. On the other hand, the technology has been
improving over the years and organizations are now implementing the digitalized process in
the accounting process of the organization. This study is to explore more on the illegal activities
been happening in the organization and to explore more on the question, has the digitalized
process reduced the illegal financial flows in the accounting process or the accounting sectors
in the organizations in Sri Lanka. The study will also find on how are the technologies
implemented to in the accounting process of the organizations in order to retrieve the output
on the impact of the illegal activities due to this"
