The Past and the Present of the Audit Profession in Greece

Abstract

This paper presents a description of the history of the auditing profession in Greece, focusing on the development of the supervisory authorities of auditors. The auditing profession in Europe has been developed in a common framework, following the relevant auditing Directives of the European Union. The current auditing provisions are common in EU and mainly focus on the supervision of the profession, providing high quality and independent services. In Greece, the profession had been strongly influenced by the Anglo Saxon auditing system, before adopting the specific European provisions. The significant role of the state, the professionals and their union is evident throughout the historical examination of the supervision of the quality of audit work.

Keywords

• Auditing profession, history of audit profession, supervisory authorities, European auditing Directives