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dc.contributor.author
Theodoridou, Paraskevi
en
dc.date.accessioned
2016-12-15T07:46:51Z
dc.date.available
2016-12-16T01:00:20Z
dc.date.issued
2016-12-15
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/14567
dc.rights
Default License
dc.subject
Internal Audit
en
dc.subject
Internal Control
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dc.subject
Internal Control Systems
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dc.subject
Internal Control Effectivenes
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dc.title
“The Effectiveness of Internal Audit and Internal Control Systems in Greek Banks”
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heal.type
masterThesis
en
heal.creatorID.dhareID
1107150030
heal.keywordURI.LCSH
Auditing
heal.keywordURI.LCSH
Auditing, Internal
heal.keywordURI.LCSH
Banks and banking--Greece
heal.language
en
en
heal.access
free
el
heal.license
http://creativecommons.org/licenses/by-nc/4.0
en
heal.references
 Albrecht, W.S., Howe, K.R., Schueler, D.R. and Stocks, K.D. 1988, Evaluating the Effectiveness of Internal Audit Departments, Institute of Internal Auditors, Altamonte Springs, FL.  Alzeban, A., Sawan N. (2013). The role of internal audit function in the public sector context in Saudi Arabia, African Journal of Business Management Vol. 7(6), pp. 443-454, 14 February, 2013  Arena, M., G. Azzone, (2009). Internal Audit effectiveness: Relevant drivers of auditees satisfaction, International Journal of Auditing, Vol.. 13, p. 43-69.  Badara, S. Saidin, S.Z. (2013). Antecedents of Internal Audit Effectiveness: A Moderating Effect of Effective Audit Committee at Local Government Level in Nigeria, International Journal of Finance and Accounting, 2(2): 82-88  Balkaran, L. (2008). “Two sides of auditing: Despite their obvious similarities, internal auditing and external auditing have an array of differences that make them distinctly valuable”, enterpreuneur.com  Bota-Avram,C, C., Pafli C., (2009). Measuring and assessment of internal audit’s effectiveness,  Candreva, P. J. (2006) “Controlling Internal Controls”, Public Administration Review, pp. 463 - 465.  Celal, K. (1989). “Internal auditing in the Turkish banking sector”, Anadolu University, Emerald Backfiles 2007, Izmir, Turkey  Fadzil, F.H., Haron, H. and Jantan, M. (2005) “Internal auditing practices and internal control system”, Managerial Auditing Journal, 20(8), pp. 844-66.  Goodwin, J. (2004) “A comparison of internal audit in the private and public sectors”, Managerial Auditing Journal, 19(5), pp. 640-650.  Hermanson, D., Ivancevic, D. and Ivancevic, S. (2008) “Building an Effective Internal Audit Function: Learning from SOX Section 404 Reports”, Review of Business, Winter, 28(2), pp. 13-28.  Hevesi, A. G. (2005) Standards for Internal Control in New York State Government, New York  Hoag, D.A. 1981, ‘Measuring Audit Effectiveness’, Internal Auditor, April: 70–8  Karagiorgos, T., Drogalas, G., Gotzamanis Ε. and Tampakoudis, I. (2009) “The Contribution of Internal Auditing to Management”, International Journal of Management Research and Technology, 3(2), Serials Publications, pp. 417-427  Karagiorgos, T., Drogalas, G., Eleftheriadis, Ι. and Christodoulou, P. (2009) “Efficient Risk Management and Internal Audit”, International Journal of Management Research and Technology, 3(2), Serials Publications, pp. 429- 436.  Karagiorgos, T., Drogalas, G. and Dimou, A. (2010) “Effectiveness of internal control system in the Greek Bank Sector”, The Southeuropean Review of Business Finance & Accounting  Konrath, L. F. (1996) Auditing Concepts and Applications, 3rd edition, U.S., West Publishing Company  Ransan, T.H. 1955, ‘Effectiveness of Internal Auditing’, a paper presented at the 14th Annual Conference of the IFA.  Taylor, D. H. and Glezen W. G. (1991) Auditing: Integrated Concepts and Procedures, 5th edition, John Wiley & Sons, Inc. pp. 5-29, 178-183.  Van Peursem, K.A. 2004, ‘Internal Auditors’ Role and Authority – New Zealand Evidence’, Managerial Auditing Journal, 19: 378–93.  White, A.W. 1976, ‘The Essentials for the Effective Internal Audit Department’, Internal Auditor, April: 30–33.
en
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in International Accounting, Auditing and Financial Management
en
heal.publicationDate
2016-12-14
heal.abstract
This dissertation was written as part of the MSc in International Accounting, Auditing and Financial Management at the International Hellenic University. This paper discusses the effectiveness of the Internal Audit and Internal Control Systems in Greek Banks. In particular, in the context of this thesis, beyond the literature review, empirical research will be conducted to complete the effectiveness of internal control systems surveying. There are a lot of risks in which the banking institutions are exposed day by day and for this reason it becomes necessary to have an organized and an efficient control to detect and treat risks in order to have a smooth and a stable function. Banks face various risks including financial, operational and liquidity risks and are obliged to apply the internal audit in order to mitigate and control these ordinary situations and reciprocate properly in a new business environment. It is very important to emphasize, that it is not possible for Banks to solve all the problems that they face, so they use the Internal Audit and Internal Control Systems to reduce these problems in a considerable way. This Master thesis main purpose is to highlight the importance of internal control function, as well as their detailed presentation as imprinted and as experienced in the employees in banks, to attempt an objective point of view, to draw some conclusions and to arise possible improvements and proposals on internal audit. Also, it aims to highlight the complexity and the nature of the banking activity. Also this study investigates the importance of the effectiveness of internal audit and internal control systems in the Greek bank institutions. The collection of the data was carried out through a questionnaire at a random sample of fifty bank employees in four Greek banks. The Quantitative approach of the data was made by a statistical analysis, and graphics using the Microsoft Office Excel 2016. The findings of this survey, guide us in drawing some conclusions as guidelines for the improvement of internal control and increase its effectiveness on Greek banks. Moreover, there are also some recommendations provided for further research.
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heal.tableOfContents
ABSTRACT 2 KEY WORDS 3 ACKNOWNLEDGEMENTS 3 PREFACE 4 TABLE OF CONTENTS 5 CONTENTS OF THE QUESTIONNAIRE 7 THESIS STRUCTURE 8 CHAPTER 1 9 CONCEPTUAL FRAMEWORK OF INTERNAL AUDIT 9 INTRODUCTION 9 HISTORICAL DEVELOPMENT OF INTERNAL CONTROL 9 CONCEPTUAL DELIMITATION 11 INTERNAL AUDIT 11 INTERNAL AUDIT - CODE OF ETHICS 14 INTERNAL CONTROL MECHANISMS 15 INTERNAL CONTROL SYSTEMS 15 THE PURPOSE OF THE INTERNAL CONTROL SYSTEM 17 BASIC PRINCIPLES OF INTERNAL CONTROL SYSTEMS 18 INTERNAL AND EXTERNAL AUDITORS 21 THE EFFECTIVENESS OF INTERNAL AUDIT 22 AUDIT COMMITTEE 24 CHAPTER 2 26 LITERATURE REVIEW ON INTERNAL AUDIT 26 INTRODUCTION 26 LITERATURE REVIEW 26 CHAPTER 3 31 BANKING SECTOR 31 INTRODUCTION 31 COMMERCIAL BANKS 32 BASEL ACCORD COMMITTEE 32 BASEL ACCORD I 32 BASEL ACCORD II 33 BASEL ACCORD III 34 INTERNAL CONTROL IN THE ORGANIZATIONAL STRUCTURE OF BANKS 34 CHAPTER 4 36 RESEARCH METHODOLOGY APPROACH 36 INTRODUCTION 36 SAMPLE AND POPULATION 36 SAMPLE TECHNIQUE 37 RESEARCH QUESTIONNAIRE 38 CHAPTER 5 41 PRESENTATION OF THE QUESTIONNAIRES’ RESULTS 41 INTRODUCTION 41 ANALYSIS OF THE QUESTIONNAIRE 42 CHAPTER 6 62 CONCLUSIONS AND RECOMMENDATIONS FOR FUTURE RESEARCH 62 INTRODUCTION 62 CONCLUSIONS OF THE QUESTIONNAIRE 62 RECOMMENDATIONS FOR FUTURE RESEARCH 64 LITERATURE REVIEW 64 APPENDIX 66
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heal.advisorName
Koutoupis, Andreas
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heal.committeeMemberName
Sikalidis, Alexandros
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heal.committeeMemberName
Grose, Christos
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heal.academicPublisher
IHU
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heal.academicPublisherID
ihu
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heal.numberOfPages
66
el
heal.spatialCoverage
Greece
en
heal.license.source-code
http://www.gnu.org/licenses/gpl-3.0.html
en


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