Abstract:
This research investigates the impact of internal control systems on the financial performance of the consumer durable industry in Sri Lanka. It aims to understand how factors such as internal control effectiveness, regulatory environment, and technological adoption influence financial outcomes in this sector. The research is grounded in a quantitative methodology, employing a cross-sectional survey design to collect data from selected companies in the industry. The study uses structured questionnaires to gather information on internal controls, financial performance metrics, organizational culture, and technological adoption. The analysis is conducted using statistical tools, including descriptive statistics, correlation analysis, and regression modeling, to identify relationships and impacts. The research is structured to provide a comprehensive understanding of how internal controls contribute to financial performance. It begins with a literature review that explores existing knowledge and theoretical frameworks
related to internal control systems and their impact on financial performance. The study's
design focuses on quantitative data collection, ensuring objectivity and generalizability of the findings. By analyzing the collected data, the research aims to provide actionable insights that can guide industry practices and policy-making, ultimately contributing to the enhancement of financial performance in Sri Lanka's consumer durable sector
