Title: The contribution of internal audit to fraud audit: evidence from Greece

Authors: George Drogalas; Michail Pazarskis; Dimitris Mitskinis; Athanasios Koulikas

Addresses: Department of Business Administration, University of Macedonia, Greece ' Department of Economics, International Hellenic University, Greece ' Department of Business Administration, University of Macedonia, Greece ' Department of Business Administration, University of Macedonia, Greece

Abstract: This paper aims to examine the extent to which the establishment of internal auditing and the work of internal auditors contribute to fraud detection. For the purpose of this study, a questionnaire was sent to Greek companies and the sample of 114 was compiled from these. Statistical analysis was performed using the linear structural equation modelling (SEM) method. The results show that fraud audit is significantly influenced by the internal audit contribution, the audit committee's contribution, the internal auditor's contribution as well as their obligations. The originality of this study lies both in the fact that not enough research has been conducted that delves deeper into this subject and the method that was used for the data analysis.

Keywords: fraud audit; internal audit; IA; audit committee; AC; internal auditor; internal audit effectiveness; structural equation modelling; SEM; Greece.

DOI: 10.1504/IJCA.2024.142793

International Journal of Critical Accounting, 2024 Vol.14 No.1, pp.50 - 67

Received: 11 Oct 2023
Accepted: 04 Jan 2024
Published online: 22 Nov 2024 *

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