Compliance Audits

HGC acting as the competent Authority for the supervision and audit of gambling conducted in the Greek Territory sets the conditions and determines the procedures for performing effective audits on the gambling market, while ensuring impartiality and transparency at all stages of the audit.

ΟThese procedures include: (a) determining the required audits and their prioritization; (b) carrying out audits effectively; (c) accurately depicting the findings and outcomes of the audits; (d) capitalizing on available human and material resources, but also (e) continuously optimizing the procedures.

The aim of HGC is to audit gaming operators, gaming venues and operation of gambling services, in accordance with the established institutional framework, and even players, if necessary, within set time, defined by HGC. In order to achieve the above objective, the applied methodology includes: a) identification and assessment of risks, b) risk analysis and its correlation with audit priorities, c) planning of audits, d) procedures for conducting audits and (e) valuation and evaluation of the audit work performed.

Risk identification and assessment is a decisive stage of the audit methodology, as it identifies the risks (risk identification), analyzes and evaluates these risks (risk analysis), and defines the context in which the audit will take place, in order to objectively prioritize audit needs and to facilitate: a) the set of priorities; b) the establishment of an impartial audit program; and c) the identification of the appropriate frequency and range of audits.

Risk identification and assessment takes into account the existing legal framework, the type of game, the number and dispersion of the auditees, the size of the gaming operator, etc.