THE ACCOUNTANCY PROFESSION IN GREECE.
By Act No. 3329 of February 1955 the "Institute of Sworn-in-Accountants" was founded, in pursuance of Article 1 of the said Act its object is "to supervise audits of Greek financial organizations of whatever nature." More specifically than Article 37, Article 39 prescribes what persons may be appointed auditors if a request for an audit has been lodged. These persons may be prominent bank executives or government officials. They may be in active service or be superannuated. The Minister of Economic Affairs makes a choice from a list compiled by the various Ministries. The "auditors" thus appointed must be sworn. During the check they are considered to be government officials. The amount of their remunerations is also fixed by the Minister of Economic Affairs after the check. It is also important to state that at the moment when the limited liability companies officially listed at the Stock Exchange were obliged to allow audits by a member of the Institute, there were over 100 limited liability companies officially listed. After publication of the ministerial decision approximately 40 companies discontinued their quotations.
- DOI
- 10.2308/tar-7104519
- Volume
- 38 (3)
- Pages
- 596-600
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref