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Evaluation of the Effectiveness of Internal Audit in Greek Hotel Business

Author

Listed:
  • Theofanis Karagiorgos

    () (Associate Professor and Head of the Department of Business Administration, University of Macedonia, Greece)

  • George Drogalas

    () (Adjunct Professor, Department of Accounting, Technological Educational Institute of Serres, Greece)

  • Nikolaos Giovanis

    () (Adjunct Professor, Department of Business Administartion, Technological Educational Institute of Serres, Greece)

Abstract

There is currently considerable interest in the topic of internal audit and its contribution to exact management of any business economic resources. Within this framework of extremely fluid business environment, the research tested the hypothesis about the role of internal auditing for the business success. The main purpose of the present paper is not only to examine the issue in a theoretical level, but also to present empirical evidence for the interaction between components of internal control system and performance of internal auditing in Greek hotel business. According to up-to-date theoretical and empirical literature, the results point out that all components of internal audit are vital for the effectiveness of internal audit and consequently in the business survival and success.

Suggested Citation

  • Theofanis Karagiorgos & George Drogalas & Nikolaos Giovanis, 2011. "Evaluation of the Effectiveness of Internal Audit in Greek Hotel Business," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 4(1), pages 19-34, March.
  • Handle: RePEc:tei:journl:v:4:y:2011:i:1:p:19-34
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    File URL: http://ijbesar.teiemt.gr/docs/volume4_issue1/internal_audit.pdf
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    Citations

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    Cited by:

    1. Mu’azu Saidu Badara & Siti Zabedah Saidin, 2013. "The Relationship between Audit Experience and Internal Audit Effectiveness in the Public Sector Organizations," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(3), pages 329-339, July.
    2. Mu’azu Saidu Badara & Siti Zabedah Saidin, 2013. "The Journey so far on Internal Audit Effectiveness: A Calling for Expansion," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(3), pages 340-351, July.
    3. repec:hur:ijaraf:v:7:y:2017:i:4:p:40-61 is not listed on IDEAS

    More about this item

    Keywords

    Internal auditing; Internal Auditing; Accounting; Management; Hotel;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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