Evaluation of the Effectiveness of Internal Audit in Greek Hotel Business

Theofanis Karagiorgos (), George Drogalas () and Nikolaos Giovanis ()
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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

International Journal of Business and Economic Sciences Applied Research (IJBESAR), 2011, vol. 4, issue 1, 19-34

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.

Keywords: Internal auditing; Internal Auditing; Accounting; Management; Hotel (search for similar items in EconPapers)
JEL-codes: M10 M40 M41 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:tei:journl:v:4:y:2011:i:1:p:19-34

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