The Implementation of Internal Auditing in Greece

The purpose of the paper is to examine the operation of internal auditing in Greece. It analyzes the definition of both internal auditing and internal controls. Special emphasis is placed on the analysis of its usefulness. Furthermore, this paper examines the role of International Internal Auditing Standards (IIAS) and Code of Ethics in the development of the profession of internal auditor.This paper is updated with the latest developments regarding internal audit issues in Greece. Special emphasis is placed on the analysis of the adoption of IIAS in Greece.The application of the principles of IIAS can be a tool for improving the competitiveness of Greek enterprises. The improvement of competitiveness can help Greece to overcome the economic crisis