The relationship between corporate governance, internal audit and audit committee: Empirical evidence from Greece

Drogalas, George; Arampatzis, Konstantinos; Anagnostopoulou, Evgenia

doi:10.22495/cocv14i1c4art3

Cited by 25 publications

(22 citation statements)

References 30 publications

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“…Suyono and Hariyanto (2012) found a positive and significant relationship between internal audit and corporate governance of Indonesian companies. Similar result was found by Drogalas, Arampatzis and Anagnostopoulou (2016) in respect to Greece firms. Zaman and Sarens (2013) found that additional collaboration between the internal audit functions and audit committee in UK firms is positively impacted internal audit quality attributes.…”

Section: Literature Reviewsupporting

confidence: 87%

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Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Sawalqa¹,

Qtish²

2021

BER

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The current study examines the extent to which audit committees comply with the requirements of corporate governance in Jordan and describes the current status of internal audit function. In addition, the study examines empirically the relationship between the internal audit quality and the compliance of audit committees with the governance requirements. The results from 49 respondents indicate that audit committees comply with the requirement of corporate governance and no significant difference is found in such compliance due to sector. In addition, the internal audit quality attributes are met among Jordanian companies to a considerable extent. Further, the independence and objectivity dimension of internal audit quality has a positive and significant relationship with the compliance of audit committees with governance requirements. Internal audit competence and due professional care have no significant relationship with audit committees compliance. One important implication of the current study is the development of a scale to measure the compliance level of audit committees with the governance requirements that can be used by both academics and decision-makers in firms.

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Section: Literature Reviewsupporting

confidence: 87%

“…In addition, other internal audit quality attributes are also contribute significantly toward reporting quality (e.g. Abbott, Daugherty, Parker & Peters, 2016;Drogalas, Arampatzis & Anagnostopoulou, 2016). The current study focuses mainly on the role of internal audit in enhancing the governance practices.…”

Section: Introductionmentioning

confidence: 99%

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Sawalqa¹,

Qtish²

2021

BER

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“…In (Drogalas, 2016 ) study , internal audit is examined in terms of audit quality and the consulting role of internal audit. Data was collected via a survey questionnaire methodology and was analyzed using regression analysis.…”

Section: -2-the Impact Of Management Information Systems On Internalmentioning

confidence: 99%

“…Internal audit has been acknowledged as the main driver of corporate disclosure which aims to increase the quality of financial information, to ensure the transparency in financial reporting and to increase the confidence between managers and shareholders. Also, the internal auditor became an integral part of corporate governance and follows every aspect of internal control, including rules, regulations, laws and expectations, risks and opportunities (Drogalas et al 2016;Al-Jabali et al 2011).…”

Section: -Introductionmentioning

confidence: 99%

أثر نظم المعلومات الإداریة على الحد من الفساد المالی للشرکات: دراسة متعددة التخصصات (باللغة الإنجلیزیة)

مبارک¹

2020

مجلة الاسکندریة للبحوث المحاسبیة

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The main objective of this interdisciplinary research is to examine the effect of Management Information Systems (MIS) on financial corporate corruption by providing theoretical evidence on how these systems improve corporate governance and internal audit quality and thus reducing financial corporate corruption. the researcher concludes that financial information generated by management information systems and presented to business management satisfies the necessity for reliable, unbiased, clear, and easily understandable information, thereby enabling business management to formulate its decisions in a timely and efficient manner.Thus, an accounting information system as a subsystem of MIS can contribute to timely decision-making, corporate management, strategies for constant cost reduction and savings, effective communication, and cash and working capital management. Therefore, companies that have established good corporate governance practices can enhance their corporate value on a long term basis and thus be more competitive in helping to raise social wealth and reduce financial corporate corruption.

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“…In the aftermath of the economic crisis, emphasis has been laid upon the internal audit profession in Greece (Drogalas et al, 2016). Despite the importance of risk management and internal audit in Greek companies, research on the relationship between the above has been scarce and fragmented.…”

Section: Introductionmentioning

confidence: 99%

Perceptions about effective risk management. The crucial role of internal audit and management. Evidence from Greece

Drogalas

Eleftheriadis

Pazarskis

et al. 2017

Investment Management and Financial Innovations

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In the aftermath of the financial crisis, many companies have implemented extensive risk management procedures. Additionally, internal audit has increasingly attracted the attention of managers as it constitutes the core of modern corporate governance. However, regarding Greek companies, there is a lack of empirical research on factors that affect risk management. Therefore, the purpose of the present paper is to analyze specific factors associated with effective risk management. Primary data were collected using questionnaires distributed to employees in companies that are listed on the Athens Exchange. Multiple regression analysis was conducted in order to examine the relationship between effective risk management, risk based internal audit, internal auditors’ involvement in risk management and top management support. Our findings demonstrate that the above factors contribute positively to effective risk management.

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The relationship between corporate governance, internal audit and audit committee: Empirical evidence from Greece

Cited by 25 publications

References 30 publications

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

أثر نظم المعلومات الإداریة على الحد من الفساد المالی للشرکات: دراسة متعددة التخصصات (باللغة الإنجلیزیة)

Perceptions about effective risk management. The crucial role of internal audit and management. Evidence from Greece

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