Andreas G. Koutoupis
Dr Andreas G. Koutoupis is currently the Chairman of the Board of Directors of KnR Governance, Risk, Compliance & Internal Audit Services. Before KnR he served for ten years as a Director, Head of Mazars, Athens – Greece Governance, Risk & Internal Audit Services. Before join Mazars he served as a Senior Manager within the Internal Audit Services department of PricewaterhouseCoopers, Athens – Greece responsible for the Financial Services (mainly banking) Internal Audit Assurance & Consulting Services for more than ten years. He has been involved in Governance, Risk & Internal Audit related assignments in more than 200 organizations over the last twenty-two years in all industries (banking, manufacturing, retail, insurance, services, publicly listed enterprises, etc.) in nineteen countries (Greece, Cyprus, Bulgaria, Romania, Serbia, Montenegro, Albania, Turkey, FYROM, Great Britain, Ukraine, Poland, The Netherlands, Denmark, Hungary, Slovenia, Nigeria, Sierra Leone and Guinea). He has also acted as a Professional Trainer for more than ten years, presenting corporate governance, business risk management and internal audit related topics in twenty-three countries including Greece, Cyprus, Bulgaria, Romania, Serbia, Albania, Turkey, FYROM, Great Britain, Belgium, Switzerland, Italy, Ukraine, Poland, United Arab Emirates, Bahrain, Malaysia, China, Pakistan, Thailand, Singapore, Egypt and Nigeria.
He is an Associate Professor of Financial Accounting and Auditing in the University of Thessaly (Accounting and Finance department). He is also an Adjunct Lecturer of Accounting and Auditing in the Piraeus University, University of the Aegean, University of Western Attica and University of Western Macedonia. He also lectures in the Greek (Hellenic) Open University, International Hellenic University, IESEG University, Paris, France and the National Centre of Public Administration in Athens, Greece. He has been awarded a BSc in Public Administration with a distinction (Panteion University, Athens, Greece), an MSc in Internal Auditing and Management (Cass Business School, City University, London, UK) and a PhD in Corporate Governance and Internal Controls with a distinction (Panteion University, Athens, Greece). He is a Chartered Internal Auditor (CMIIA), Certified Internal Auditor (CIA), Certified Internal Controls Auditor (CICA), Certified in Control Self Assessment (CCSA), Certified in Risk Management Assurance (CRMA) and Certified Controls Specialist (CCS). Andreas Koutoupis is an Internal Quality Assessment validator of the International Institute of Internal Auditors. He holds an ‘A’ class Greek Accounting & Tax License (being able to sign Financial Statements for any type of organization) by the Economic Chamber of Greece.
In 2005, he received the Michael J. Barett award from the International Institute of Internal Auditors, then in April 2006 he received a PhD Colloquium award (Cass Business School) for distinctive performance by the IIA-Italy. He was nominated for several other awards for his academic performance and professional work. His academic work includes publications of papers and articles with respect to accounting, corporate governance, enterprise risk management, internal controls and internal auditing in well-known journals (one of them is ABS Rating Grade 3, ten of them are ABS Rating Grade 2 and nineteen of them are ABS Rating Grade 1), conferences, professional magazines and economic newspapers. He is an Editorial Review Board Member of the Journal of Governance and Regulation (Virtus Interpress - ISSN: 2220 – 9352: ABS Rating 1) and the International Journal of Organizational Analysis (Emerald – ISSN: 1934 – 8835: ABS Rating 1) and the International Journal of Auditing and Accounting Studies (Arf India). In 2014 The IIA Research Foundation published an Academic Research (Koutoupis et al) entitled ``Internal audit around the world: a perspective on global regions''. Recently, he has awarded a Best Paper Award in 2018 from the Journal of Governance and Regulation.
He is a member of the International Institute of Internal Auditors (and also served for three years as a member of the Academic Relations Committee), The Institute of Internal Auditors – UK and Ireland, The Greek Institute of Internal Auditors (served as a member of the Board of Directors for eight years), The Institute for Internal Controls (acting as the contact person in charge in Greece and Cyprus responsible for CICA & CCS Professional Qualifications), The Association of Certified Fraud Examiners (ACFE), The Association of Greek Fraud Examiners (HACFE) and the Economic Chamber of Greece (served as a member of the General Assembly for nine years). He is also the General Secretary of the Board of Directors of Greek Investors, a member of the Corporate Governance Committee of the Athens Stock Exchange, as well as a team member for the Greek Council of Corporate Governance, a member in the Greek – Cyprus Investment Cooperation Committee. He has also served as a member of the Professional Skills Recognition Committee of the Greek Ministry of Education (2011–14).
Finally, Andreas Koutoupis is an Independent – Non Executive Member of the Board of Directors of Nomisma – The leading innovative digital asset ecosystem, BoD Member and Chairman of the Audit Committee of the Greek publicly listed firms Loulis Mills S.A., Kordellos Brothers S.A. and Livanis S.A., Chairman of the Audit Committee of IASO Hospital, AEGEK Construction S.A., Vioter S.A., Lanakam S.A. and the Cooperative Insurance Company of Northern Greece Public Coaches, as well as member in several Greek Public Hospital Audit Committees according to the Greek Law 4025 / 2011. He was also a member of the BoD and Chairman of the Audit Committee of FFGroup and member of the BoD of the non publicly listed firm Qivos, while he was acting as an Observer in both Audit & Risk Committees of Alpha Bank-Greece from 2013–16.
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The authors propose a methodology for evaluating possible risks when preparing an audit plan in Greek municipalities, with applicability beyond this area.
In this paper, the authors investigate financial fraud in companies listed on the Athens Stock Exchange during the period 2008–18 and propose a model to detect fraudulent financial statements.
Risk disclosures in annual reports: the role of nonfinancial companies listed on the Athens stock exchange
This study analyzes the risks disclosed by all nonfinancial companies listed on the Athens stock exchange by undertaking content analysis of their annual reports during the period 2005–11.