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Title: Auditing Corporate Governance Statements in Greece – the role of internal auditors
Authors: Koutoupis, Andreas
Pazarskis, Michail
Drogalas, George
Type: Article
Subjects: FRASCATI::Social sciences::Economics and Business::Accounting
FRASCATI::Social sciences::Economics and Business::Finance
Keywords: Internal control
Internal auditing
Corporate Governance Statements
Issue Date: 2018
Source: Corporate Governance: The international journal of business in society
Volume: 18
Issue: 5
First Page: 1007
Last Page: 1020
Abstract: Abstract Purpose The purpose of this paper is to examine the role of internal audit with respect to Auditing Corporate Governance Statements based on a practical approach. Moreover, it examines the application of internal control best practices in the Athens publicly listed firms based on a series of related statements. Design/methodology/approach The authors conducted all large and medium capitalization publicly listed companies via a research questionnaire which forms a basis of a descriptive research analysis. The methodology is based on the best worldwide acceptable practices as represented by the Committee of Sponsoring Organizations internal control – integrated framework, as well as the relevant laws and regulations and best practices with respect to Corporate Governance Statements. Findings The research concludes that internal auditors limit their role in verifying compliance with the relevant laws and regulations rather than adopt a consulting role toward the improvement of the content and quality of Corporate Governance Statements information. Also, it contributes to the corporate governance research by verifying that the effectiveness of internal controls contributes to sound corporate governance practices. Practical implications Internal auditors depending on the organization they serve may adopt different roles regarding Corporate Governance Statements preparation, review and audit such as consultative which may add value to the quality of Corporate Governance Statements. Originality/value It is the first research regarding quality characteristics of the Corporate Governance Statements and the role of internal audit in Greece, and it provides the basis for further research among European Union countries.
ISSN: 1472-0701
Other Identifiers: 10.1108/CG-02-2018-0095
Appears in Collections:Department of Business Administration

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