Specialty Internal Audit
Library of the Faculty of Economics and of the Faculty of Business Administration

2019-11-20

2019

Lampropoulos Spyridon

Γιάννης Δρακούλης, Εξωτερικός Συνεργάτης, Τμήμα Οικονομικών Επιστημών, ΕΚΠΑ

The menace of fraud and corruption In the banking sector and the role of the internal audit "Evidence from the Greek Banking Sector"

English

The menace of fraud and corruption In the banking sector and the role of the internal audit "Evidence from the Greek Banking Sector"

The banking system is the cornerstone of the global economy. The recent global financial crisis highlighted the crucial role that the banking system plays for the modern economy. The operations of the majority of the banking institutions are characterized by complexity, intensity and as a result a lot of risks spring from them. In a constantly changing business environment the banking institutions, have to confront with various, high level of types of risks. In this light, it becomes obvious that the banks inevitably, will be called to face in a regular basis the phenomenon of fraud and corruption. The constant increase in the volume of fraud and corruption, causes a significant concern to them. Of course the Greek banks could not be an exception from all this. Since the fraud and corruption risk management function is a necessity, the banking organizations are increasingly now, basing the effectiveness of the process on the potential of internal audit. Bearing in mind, that internal audit does not have any primary responsibility, the prevention and detection of fraud and its implementation in the fraud and corruption risk management process could be of great value.

Social, Political and Economic sciences

Internal audit, Banking Fraud and Corruption, Banking institutions, Fraud prevention, Fraud detection, Fraud mitigation, Internal audit controls, Greek banking sector

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https://pergamos.lib.uoa.gr/uoa/dl/object/2886053