Title: The internal audit function in Greek local government organisations: critical factors of success

Authors: Michail Pazarskis; Georgios Tavellaris; Stergios Galanis

Addresses: Department of Economics, International Hellenic University, Terma Magnesias, 62100, Serres, Greece ' Department of Business Administration, International Hellenic University, Terma Magnesias, 62100, Serres, Greece ' Department of Economics, International Hellenic University, Terma Magnesias, 62100, Serres, Greece

Abstract: This study explores the factors that determine the success of internal audit function in local government organisations, taking into account their institutional framework for carrying out an internal audit at the local level. In order to reach useful conclusions, the current study uses a statistical analysis of survey data from local governments in North Greece and a properly prepared questionnaire. The findings highlight the necessity of internal audit as public organisations enhance their administrative, financial, and risk management. In particular, it improves the transparency and accountability of individuals participating in internal audit, the better use of the results for their overall administration, the improved collaboration among all parties, and the avoidance of public resource waste.

Keywords: internal audit; local government organisations; LGOs; Greece.

DOI: 10.1504/IJCA.2022.127607

International Journal of Critical Accounting, 2022 Vol.13 No.1, pp.60 - 74

Received: 29 May 2022
Accepted: 22 Aug 2022
Published online: 12 Dec 2022 *

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