The processes and structures of an organization are influenced both by risks that affect the organization’s ability to achieve its objectives and by the organization’s efforts to mitigate or eliminate known/residual risks, as well as to identify unknown risks.

Internal Audit services can be considered value-added services aimed at improving the effectiveness of the organization’s governance.

Internal Audit strengthens Corporate Governance through objective and independent assurance and consulting services for all financial activities of the organization, including risk management, internal controls, and financial reporting.

The conduct of audits (based on risk identification and assessment), assurance, and consulting actions related to the processes and structures provided by Internal Audit lead to the organization and achievement of the organization’s goals.

In a modern environment where risks are continuously increasing and becoming more complex, the role of Internal Audit is likely to expand into various areas such as risk governance, culture, and behavior.

Today, organizations face a range of risks arising from new technologies, geopolitics, cybersecurity, and disruptive innovation.

Internal Audit is a key factor in contributing to the effectiveness of an organization’s Corporate Governance. Compliance by companies within the framework of Law 4706/2020 leads to the development of financial performance of organizations/companies, increased trust, protection of investors, and added value creation, thus significantly benefiting the Greek economy.