Institute  for Internal Controls

"Promoting an Effective Internal Controls Environment"


Featured Member

Dr. George Georgiou, Ph.D., CICA, Accredited QAR

Dr. George Georgiou was appointed in June 2018, following special selection procedures, as the General Director for Financial Audits at the Ministry of Finance, Greece.

Before assuming the post of General Director, he was appointed as the Internal Auditor of the European Defence Agency in Brussels for a period of seven years 2011-2018. From 2009-2011 he acted as Director of General Secretary’s Office on Fiscal Policy, Ministry of Finance, Greece. His responsibilities encompassed the coordination of Ministry’s initiatives to increase transparency, public financial management and financial control. In 2009-2011 he was appointed as a regular member in the Financial Audit Committee in the Ministry of Finance (EDEL), which is the Highest National Audit Authority in Greece. He was also nominated member of a working group of experts to draft the new Budget Organic Law for financial management and responsibility, which has been enacted by the Parliament.  Certain provisions were inserted in this law for financial audits in accordance with recognized audit standards and in the conformity with the European Financial Regulation. From 1998-2003 he served as Economic Advisor to the Permanent Representation of Greece within the European Union in Breussels Belgium, responsible for the Community budget and EC financial and audit issues. He was nominated in 2003 Chair person in Budget Committee during the Hellenic Presidency (1st semester 2003). During the Presidency, a number of contacts and consultations were successfully made with European Parliament’s Committee of Control COCOBU. From 2003-2005 Dr George Georgiou worked for the European Commission, Directorate for Budget, as national expert. The dossiers of the implementation of financial regulation rules and evaluation were assigned to him. From 2005-2009 he worked as an economic expert and Auditor in the Ministry of Finance responsible for various projects those of Ministry of Agriculture.

Dr. Georgiou has participated in various study groups researching economic and financial issues and he has also elaborated a significant number of special studies. He is the author of a book related to the Financing System of European Union (EU) and the Community Budget, published in 2003 on which he analyses the EU’s audit system. He has also authored several reports and Green Papers for the European Commission, the Ministry of Finance on Audit Issues, Changeover to the Euro, and Employment Schemes and Development. He is teaching issues on fiscal control & audit at the National Administration School of Athens. In addition, he is equipped with an excellent knowledge of International Accounting Standards, (IAS), Public Accounting Standards (IPSAS) and Financial Reporting Standards (IFRS).

Dr Georgiou holds a PhD in Economics Finance & Development from Strathclyde University, Scotland, U.K., a Master degree in Economic Development, and a Bachelor of Arts degree in Public Administration & Finance.

In addition to the CICA (Certified Internal Controls Auditor), he holds the  CGAP (Certified Government Audit Professional) and accredited on Audit Quality Assessment Review.

In addition to his membership in the Institute for Internal Controls (TheIIC), he is a member of the Greece chapter of the IIA and a member of the Hellenic Association for Economists .

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