@Article{mfj:1938,
title={Internal Audit Function Quality and Corporate Governance: The Case of Greece},
author={Christina Vadasi and Michalis Bekiaris and Andreas Andrikopoulos},
journal={Multinational Finance Journal},
volume={25},
number={1/2},
pages={1--61},
year=2021,
publisher={Multinational Finance Society; Global Business Publications},
url={http://www.mfsociety.org/../modules/modDashboard/uploadFiles/journals/MJ~0~p1es3fav7d6i21obi1g44jlo1hsj4.pdf}
keywords={internal audit; internal audit function; quality; corporate governance; Athens Stock Exchange; survey},
abstract={Internal audit is fundamental in maintaining transparency in the dissemination of information about a company’s financial position and performance. In this respect, the quality of internal audit is essential for effective corporate governance. We construct a composite measure of the quality of the internal audit function and explore its association with "good" corporate governance. Employing data from 45 listed companies in the Athens Stock Exchange, we discover that "good" corporate governance affects internal audit function quality, since the internal audit function is better in companies that comply with certain corporate governance guidelines. On the other hand, we find limited evidence on the effect of internal audit function quality on effective corporate governance. We also discover that internal audit’s active role in corporate governance is shaped by company-wide characteristics such as size, internationalization and CEO duality..},
}