Unit:
Κατεύθυνση Εσωτερικός ΈλεγχοςLibrary of the Faculty of Economics and of the Faculty of Business Administration
Author:
Chontzeas Evangelos
Supervisors info:
Κουναδέας Θεόδωρος, Δόκτωρ, Τμήμα Οικονομικών Επιστημών, ΕΚΠΑ
Original Title:
Αξιολόγηση της αποτελεσματικότητας των λειτουργιών εσωτερικού ελέγχου στον μετριασμό του χρηματοοικονομικού κινδύνου
Translated title:
Evaluation of the effectiveness of internal control functions in financial risk mitigation
Summary:
This thesis investigates the effectiveness of internal operations
control in the context of corporate governance, with particular emphasis on the role played by
these functions mitigate financial risks. Utilizing
a quantitative approach, this study analyzes data collected from a sample of 60
participants-accountants employed in internal audit departments in organizations
who are active in various sectors of the economy. The research design
of said study involves conducting a limited review of the field
implementation which resulted in the identification of ten articles of the relevant literature and
then their analysis into thematic categories of interest. Its results
thematic analysis of the relevant articles contributed to the formation of a structured
digital questionnaire that was used for data collection.
The findings of the present research confirm the findings of the existing one
literature suggesting that strong internal control systems are important
to ensure the stability and reliability of financial reporting and
of regulatory compliance. In particular, the study provides empirical evidence that
support the theory that effective internal control mechanisms reduce
significantly reduce financial risk and enhance organizational effectiveness.
The survey results further highlight that strong internal controls
are associated with improved risk management and fraud prevention capabilities in
organizations.
The results of the study highlight the importance of internal controls for the
mitigation of financial risks and suggest that improvements in
internal control systems can contribute to the overall strategic management of
of financial risks in corporate governance. The present research contributes to
academic understanding about the effectiveness of internal control and provides
practical implications for strengthening corporate governance frameworks for better
management of financial risks.
Main subject category:
General works
Keywords:
Internal control, financial risk
