Professor Georges Selim

Emeritus Professor of Internal Auditing

Bayes Business School , Faculty of Management

Contact

About

Overview

Professor Selim graduated from Cairo University, where he spent eleven years as a tutor and assistant lecturer before coming to England. He is a former member of the Executive Committee and Board of Directors of Institute of Internal Auditors Inc (1993-1996), as well as former President of the Institute of Internal Auditors - UK (1991-92). Professor Selim has written books and articles on internal auditing, accounting, risk management, the role of internal auditors in mergers, acquisitions and divestments and corporate. He has also lectured extensively on these topics in Europe, the Far East and US. In 2000, Professor Selim, with David McNamee - was awarded the John B. Thurston Award for Literary Excellence for their paper titled "The Next Step in Risk Management". He recently retired as a non executive member of the Ministerial Executive Board and independent chairman of the Ministry of Justice's audit committee. In addition, he held equivalent posts at the Rural Payments Agency - an agency of DEFRA. At present, he is an Independent member of the Audit Committee of the University of London. Professor Selim was elected the "1992 Educator of the YEar by IIA Inc.

Qualifications

  • BCom/MCom (Cairo)
  • PhD (City)

Memberships of professional organisations

  • Fellow, The Institue of Internal Auditors, October 1980 - present
  • Fellow, Royal Society for the Encouragement of Arts, Manufactures and Commerce

Awards

  • The Institute of Internal Auditors Inc (2000). John B Thurston Award for Literary Excellence
    John B Thurston Award for Literary Excellence (in partnership with David McNamee for the paper 'The Next Step in Risk Management'
  • The Institute of Internal Auditors Inc (1992). Leon R Raddle Award 'Educator of the Year'

Languages

Arabic and French

Expertise

Primary topics

  • Accounting
  • Accounting Standards
  • Auditing
  • Business Ethics
  • Corporate Governance
  • Financial Accounting
  • Internal Auditing
  • Risk Management

Industries

  • accountancy firms
  • public sector

Geographic Areas

  • Europe - Western
  • Middle East

Research

Research topics

Internal Auditing

Consultancy provision by internal auditors and the issue of independence

Valation of Intangible Assets

How markets value intangible assets

Corporate Governance

Evaluation of Boards

Research students

Janicke Rasmussen

Attendance: October 2006 - July 2010, full-time

Thesis title: Can effective corporate governance be imposed?

Role: 1st Supervisor

Milena Bruetting

Attendance: October 2004 - February 2012, part-time

Thesis title: Intaqngibles/ Goodwill Impairment in the UK: Causes and Impact

Role: 2nd Supervisor

Tatiana Psaraki

Attendance: October 2004 - June 2007, full-time

Thesis title: Deconstructing audit: risk management and beyond

Role: 1st Supervisor

David Morrell

Attendance: October 2003 - February 2010, part-time

Thesis title: Behavioural Auditing

Role: 1st Supervisor

George Kontopoulos

Attendance: October 2003 - June 2009, full-time

Thesis title: Value relevance of accounting information in EU

Role: 1st Supervisor

Nikolaos Dounis

Attendance: October 2002 - July 2007, full-time

Thesis title: The internal auditing role during mergers and acquisitions: The European Union experience

Role: 1st Supervisor

Mohammed Iqbal

Attendance: October 2000 - August 2007, part-time

Thesis title: Perfomance management in UK local Government Authorities

Role: 1st Supervisor

Michael Lavine

Attendance: October 1999 - March 2007, part-time

Thesis title: The role of the National Infrastructure Protection Center in securing the US Critical Infrastructure: 1992-2002

Role: 1st Supervisor

Publications

Book

  1. Selim, G. and McNamee, D. (1998). Risk management : changing the internal auditor's paradigm. Altamonte Springs, Fla.: Institute of Internal Auditors Research Foundation. ISBN 9780894134210.

Chapters (3)

  1. Hendry, C., Selim, G., Holtham, C., Brown, J., Holden, J., Courtney, N.... Oehlcke, F. (2008). Facilitating Innovation through The Measurement and Management of Intangibles. In Scaborough, H. (Ed.), The Evolution of Business Knowledge (pp. 319-338). Oxford University Press. ISBN 9780199229604.
  2. Selim, G. and Woodward, S. (2003). Internal Audit Education and Training. In De Korte, R., Paape, L. and Verhoog, W. (Eds.), Internal / Operational Auditing: bijdragen aan governance and control (pp. 65-76). EURAC BV.
  3. Selim, G. and Woodward, S. (1992). The Manager Monitored: Rediscovering Public Services Management. In Willcocks, L. and Harrow, J. (Eds.), Rediscovering public services management London: McGraw-Hill.

Conference papers and proceedings (32)

  1. Selim, G., Melville, R., D'Onza, G. and Allegrini, M. (2013). Factors Influencing The Value Added by Internal Auditing Activities. 11th European Conference on Internal Audit and Corporate Governance 24-26 April, Oslo, Norway.
  2. Selim, M.G. and Woodward, S.S. (2012). Corporate Governance and Board Diversity. 4th International Conference on Governance, Fraud, ethics and CSR.
  3. Selim, G.M. (2010). Audit Committee's view of relations between external and internal audit. 9th Internal Audit Conference of the Internal Audit Service: External Audit, Internal Audit. 25-26 October, Brussels, Belgium.
  4. Kontopoulos, G., Selim, G. and Tyrrall, D. (2010). Value Relevance of Investor Oriented vs Creditor Oriented Accounting Systems through the IFRS Transition. BAA Annual Conference Cardiff, UK.
  5. Selim, G.M. (2009). Corporate Fraud and Audit Committees: A Non Executive Director's view. GFE&SR Edirne, Turkey.
  6. Selim, G.M. (2008). The Changing Function of Audit Committees in the Public Sector. The European Union's Internal Audit Annual Conference Brussels, Belgium.
  7. Selim, G., Marco, W.S.A. and Bandettini, E. (2007). Internal Audtiting and Consulting Practice: A comparison between UK and Ireland and Italy. Fifth European Academic Conference on Internal Audit and Corporate Governance Pisa, Italy.
  8. Selim, G. (2005). Governance in the Markets. The business of Crime: The Enterprise of Crime and Terro - The implications for Good Business Jesus College, University of Cambridge.
  9. Lavine, M.M. and Selim, G. (2005). Interim Research Observations about Critical Infrstructure Protection Information and Corporate Governance issues through Public and Private sector Cooperation in the United States. Third European Academic Gonference on Internal Audit and Corporate Governance Cass Business School, City University, London.
  10. Woodward, M.S. and Selim, G. (2005). Internal Auditing and Consulting Practice in the 21st Century. Academy of Management Annual Meeting 2005 Hawaii, USA.
  11. Citron, D., Selim, G., Holden, J. and Okur, F. (2004). Innovation and Intangible Assets: A Study of the External Reporting of Intangibles by Listed Companies in the UK. British Academy of Management University of St Andrews.
  12. Woodward, M.S. and Selim, G. (2004). Internal Auditing and Consulting Practice: UK and Ireland Survey. British Academy of Management Annual Conference University of St. Andrews.
  13. Woodward, M.S. and Selim, G. (2004). Internal Auditing and Consulting: A survey of practices in the UK and Ireland. Second European Academic Conference on Internal Audit and Corporate Governance Cass Business School, City University.
  14. Selim, G. (2004). The Audit Committee ia a key element of the Corporate Governance of an organisations. What evidence do the members need in order to advise the AO/CE and the board on risk, control and governance? Government Heads of Internal Audit Conference Bristol -UK.
  15. Sudarsanam, S., Lavine, M. and Selim, G. (2004). The Role of Internal Audit in Mergers and Acquisitions. The Institue of Internal Auditors Financial Services Conference Arlington, Virginia.
  16. Selim, G. (2003). Accounting for Integrity. The Cambridge International Symposium on Economic Crime University of Cambridge.
  17. Selim, G. (2003). Developing Effective Corporate Governance Across Sectors - Challenges, Opportunities and Pitfalls. Ensuring most effective Corporate Governance in the Public Sector - QMW Public Policy Seminars London.
  18. Selim, G. (2002). Corporate Governance and Risk Based Internal Audit. 1st Chief Finance Officers' Forum Athens, Greece.
  19. Selim, G. (2002). What do Audit Committees expect from Internal Audit? Council for Higher Education Internal Auditors (CHEIA) Aston Business School. Birmingham.
  20. Selim, G. (2002). The role of Internal Audit in Mergers, Acquisitions and Divestitures: An International Study. First European Academic Conference on Internal Audit and Governance Prague.
  21. Selim, G. (2001). Co-operation between Internal & External Audit: The Audit Committee Perspective. Joint Seminar between HM Treasury and NAO London.
  22. Selim, G. (2001). Corporate Governance and Accountability. Conference on Corporate Governance and Magistrates' Courts Committee Birmingham University.
  23. Holtham, C. and Selim, G. (2001). Creating the Twenty First Century International Business School, Teaching and Learning Challenges. 1st Annual Joint UK & USA Conference on the Scholarshiop of Teaching & Learning (SOTL) London.
  24. Selim, G. (2001). Do Audit Committees in Central Government need the National Audit Office? NAO Senior Management Financial Audit Conference London.
  25. Woodward, S. and Selim, G. (2000). Teaching Quality Assessment: A case study of change. BAM 2000 Conference Edinburgh.
  26. Selim, G. (1999). Risk Management and Internal Auditing - Findings of a Recent Research Study. The IIA - UK Banking Group London.
  27. Selim, G. (1999). Risk Management and Internal Auditing - The Road Ahead. National Conference of The IIA Sweden.
  28. Selim, G. (1998). Ethics in Government - Good Governance. The Cambridge International Symposium on Economic Crime Cambridge.
  29. Selim, G. (1998). If professions like accounting are virtual organisations, should they not be early adopters of technologies to become globally networked? FIS Conference Sheffield.
  30. Selim, G. (1997). IT and the future of Audit - An update. The first ICAEW Internal Control Conference London.
  31. Selim, G. (1996). From financial auditing to strategic auditing: the road ahead. National Conference of the IIA Portugal.
  32. Selim, G. (1996). Future trends and keys to survival in internal auditing. 55th International conference of the IIA-Inc. Anaheim, California.

Journal articles (13)

  1. D'Onza, G., Selim, G.M., Melville, R. and Allegrini, M. (2015). A Study onInternal Auditor Perceptions of the Function Ability to Add Value. International Journal of Auditing, 19(3), pp. 182-194. doi:10.1111/ijau.12048

    [publisher’s website]

  2. Allegrini, M., Melville, R., Paape, L. and Selim, G. (2009). Special issue on "internal audit and corporate governance": Introduction. Journal of Management and Governance, 13(1-2), pp. 1-3. doi:10.1007/s10997-008-9068-3

    [publisher’s website]

  3. Selim, G., Woodward, S. and Allegrini, M. (2009). Internal Auditing and Consulting Practice: A Comparison between UK/Ireland and Italy. International Journal of Auditing, 13(1), pp. 9-25. doi:10.1111/j.1099-1123.2008.00395.x

    [publisher’s website]

  4. Selim, G., Citron, D., Holden, J. and Okur, F. (2004). Accounting for Intangibles. IFRS Direct, www.accaglobal.com/frs/ciia/2264120
  5. Selim, G.M., Sudarsanam, S. and Lavine, M. (2003). The Role of Internal Auditors in Mergers, Acquisitions and Divestitures: An International Study. International Journal of Auditing, 7(3), pp. 223-245. doi:10.1046/j.1099-1123.2003.00072.x

    [publisher’s website]

  6. Selim, G. and Yiannakas, A. (2000). Outsourcing the Internal Audit Function: A Survey of the UK Public and Private Sectors. International Journal of Auditing, 4(3), pp. 213-226. doi:10.1111/1099-1123.00314

    [publisher’s website]

  7. Selim, G. and McNamee, D. (1999). The Risk Management and Internal Auditing Relationship: Developing and Validating a Model. International Journal of Auditing, 3(3), pp. 159-174. doi:10.1111/1099-1123.00057

    [publisher’s website]

  8. Selim, G. and McNamee, D. (1999). Risk Management and Internal Auditing: What are the Essential Building Blocks for a Successful Paradigm Change? International Journal of Auditing, 3(2), pp. 147-155. doi:10.1111/1099-1123.00055

    [publisher’s website]

  9. Selim, G. and McNamee, D. (1999). The Next Step in Risk Management. Internal Auditor (USA), 56(3), pp. 35-38
  10. Selim, G. and McNamee, D. (1998). Changing The Paradigm: preview their recently completed research looking at risk management and internal auditing practices in organisations throughout the world. Internal Auditing (UK), (December), pp. 06-Nov
  11. Woodward, S. and Selim, G. (1994). Stress: The Spice of Life or the Kiss of Death? Internal Auditing, May, pp. 22-25
  12. Woodward, S. and Selim, G. (1994). The Stressbusters: Health and Stress Management at Work. Internal Auditing pp. 20-22
  13. Selim, G. (1994). IIA Inc. A View From Orlando. Internal Auditing pp. 16-17

Reports (3)

  1. Selim, G., Melville, R., D'Onza, G., Pelligrini, M. and Kotoupis, A. (2014). Internal Audit Around the World: A Perspective on Global Regions. Florida, USA: Institute of Internal Auditors Research Foundation. ISBN 9780894138881.
  2. Selim, G., Allegrini, A., D'Onza, G., Melville, R. and Sarens, G. (2011). What's next for internal auditing? Orlando, USA.
  3. Selim, G., Sudarsanam, S. and Lavine, M. (2002). Mergers, Acquisitions and Divestitures: Control and Audit Best Practices. Altamonte Springs, Fla.. ISBN 9780894134975.

Other (2)

  1. Selim, G.(1995). Concepts of Control.
  2. Selim, G.M. Addressing Misconduct and Promoting Good Governance in the Financial Sector through Mechanisms outside the Traditional Criminal System.

Education

Course Directorship

- 2008 - present, MSc in Construction Management, Assistant Director

Professional activities

Consultancy (2)

  1. Ministry of Justice (Public Sector) (September 2001 - present)
    Independent Non Executieve member of the Ministerial Executive Board and Chairman of the Department's Audit Committee
  2. The Rural Payments Agency (Public Sector) (January 2000 - present)
    Independent non-executive member of the Agency's Management Board and Chairman of the Agency's Audit Committee

Editorial activity (2)

  1. The Journal of Financial Crime, Member of Editorial Board, 1995 - 2008.
  2. The International Journal of Auditing, Member of Editorial Board, 1995 - present.

Events/conferences (38)

  1. 11th European Academic Conference on Internal Audit and Corporate Governance. (Conference) Oslo, Norway (2013).
    Paper: Factors Influencing The Value Added by Internal Auditing Activities: Empirical Evidence from the CBOK 2012 Study
    Co-authors: Melville Rob, D'Onza Giuseppe, Allegrini, Marco
  2. 4th International Conference on Governance, Fraud, ethics and CSR. (Conference) (2012). Invited speaker.
    Paper: Corporate Governance and Board Diversity
    Author: Selim G. M.
    Co-authors: Sally - Selim Woodward
  3. 9th European Academic Conference on Internal Auditing and Corporate Governance. (Conference) Cass Business School, London (2011). Chair and Organising Committee
  4. External and Internal Audit. (Conference) Brussels, Belgium (2010). Invited speaker.
    Paper: Audit Committee's view of relations between external and internal audit
    Author: Selim G. M.
  5. BAA Annual Conference. (Conference) Cardiff, UK (2010).
    Paper: Value Relevance of Investor Oriented vs Creditor Oriented Accounting Systems through the IFRS Transition
    Author: Kontopoulos George
    Co-authors: Selim, G and Tyrrall D
  6. GFE&SR. (Conference) Edirne, Turkey (2009). Invited speaker.
    Paper: Corporate Fraud and Audit Committees: A Non Executive Director's view
    Author: Selim G. M.
  7. The European Union's Internal Audit Annual Conference. (Public lecture) Brussels, Belgium (2008). Invited speaker.
    Author: Selim G. M.
  8. Fifth European Academic Conference on Internal Audit and Corporate Governance. (Conference) Univeristy of Pisa, Italy (2007). Session/Day Chair and Organising Committee
  9. Fifth European Academic Conference on Internal Audit and Corporate Governance. (Conference) Pisa, Italy (2007). Invited speaker.
    Paper: Internal Audtiting and Consulting Practice: A comparison between UK and Ireland and Italy
    Author: Selim Georges
    Co-authors: Woodward, Sally, Allegrini, Marco and Bandettini, Elena
  10. Fourth European Academic Conference on Internal Audit and Corporate Governance. (Conference) Cass Business School, London - UK (2006). Chair and Organising Committee
  11. (Conference) Jesus College, University of Cambridge (2006). Invited speaker.
    Paper: Addressing Misconduct and Promoting Good Governance in the Financial Sector through Mechanisms outside the Traditional Criminal System
    Author: Selim G. M.
  12. Thirs European Academic Conference on Internal Audit and Corporate Governance. Cass Business School, London, UK (2005). Chair and Organising Committee
  13. Third European Academic Gonference on Internal Audit and Corporate Governance. (Conference) Cass Business School, City University, London (2005).
    Paper: Interim Research Observations about Critical Infrstructure Protection Information and Corporate Governance issues through Public and Private sector Cooperation in the United States
    Author: Selim G. M.
    Co-authors: Mr Michael Lavine
  14. Academy of Management Annual Meeting 2005. Jesus College, University of Cambridge (2005).
    Paper: Governance in the Markets
  15. Academy of Management Annual Meeting 2005. Hawaii, USA (2005).
    Paper: Internal Auditing and Consulting Practice in the 21st Century
    Author: Selim G. M.
    Co-authors: Mrs Sally Woodward
  16. Second European Academic Conference on Internal Audit and Corporate Governance. (Conference) Cass Business School, London , UK (2004). Chair and Organising Committee
  17. The Institue of Internal Auditors Financial Services Conference. Sudi Sudarsanam and Mike Lavine (2004).
    Paper: The Role of Internal Audit in Mergers and Acquisitions
    Co-authors: Arlington, Virginia
  18. Second European Academic Conference on Internal Audit and Corporate Governance. Cass Business School, City University (2004).
    Paper: Internal Auditing and Consulting: A survey of practices in the UK and Ireland
    Co-authors: Mrs Sally Woodward
  19. Government Heads of Internal Audit Conference. (Conference) Bristol -UK (2004).
    Paper: The Audit Committee ia a key element of the Corporate Governance of an organisations. What evidence do the members need in order to advise the AO/CE and the board on risk, control and governance?
  20. British Academy of Management Annual Conference. (Conference) University of St. Andrews (2004).
    Paper: Internal Auditing and Consulting Practice: UK and Ireland Survey
    Co-authors: Mrs Sally Woodward
  21. British Academy of Management Annual Conference. (Conference) University of St. Andrews (2004).
    Paper: Innovation and Intangible Assets: A study of the external reporting of intangibles by listed companies in the UK
    Co-authors: Professor David Citron, Mr Jo Holden and Mrs Fatma Okur
  22. The Cambridge International Symposium on Economic Crime. University of Cambridge (2003).
    Paper: Accounting for Integrity
  23. Ensuring most effective Corporate Governance in the Public Sector - QMW Public Policy Seminars. London (2003).
    Paper: Developing Effective Corporate Governance Across Sectors - Challenges, Opportunities and Pitfalls
  24. First European Academic Conference on Internal Audit and Governance. Prague (2002).
    Paper: The role of Internal Audit in Mergers, Acquisitions and Divestitures: An International Study
  25. Council for Higher Education Internal Auditors (CHEIA). Aston Business School, Birmingham (2002).
    Paper: What do Audit Committees expect from Internal Audit?
  26. 1st Chief Finance Officers' Forum. Athens, Greece (2002).
    Paper: Corporate Governance and Risk Based Internal Audit
  27. NAO Senior Management Financial Audit Conference. London (2001).
    Paper: Do Audit Committees in Central Government need the National Audit Office?
  28. Joint Seminar between HM Treasury and NAO. London (2001).
    Paper: Co-operation between Internal & External Audit: The Audit Committee Perspective.
  29. Conference on Corporate Governance and Magistrates' Courts Committee. Birmingham University (2001).
    Paper: Corporate Governance and Accountability
  30. 1st Annual Joint UK & USA Conference on the Scholarshiop of Teaching & Learning (SOTL). London (2001).
    Paper: Creating the Twenty First Century International Business School, Teaching and Learning Challenges
    Co-authors: Clive Holtham
  31. BAM 2000 Conference. Edinburgh (2000).
    Paper: Teaching Quality Assessment: A case study of change
    Co-authors: Sally Woodward
  32. The IIA - UK Banking Group. London (1999).
    Paper: Risk Management and Internal Auditing - Findings of a Recent Research Study
  33. National Conference of The IIA. Sweden (1999).
    Paper: Risk Management and Internal Auditing - The Road Ahead
  34. The Cambridge International Symposium on Economic Crime. Cambridge (1998).
    Paper: Ethics in Government - Good Governance
  35. FIS Conference. Sheffield (1998).
    Paper: If professions like accounting are virtual organisations, should they not be early adopters of technologies to become globally networked?
  36. The first ICAEW Internal Control Conference. London (1997).
    Paper: IT and the future of Audit - An update
  37. National Conference of the IIA. Portugal (1996).
    Paper: From financial auditing to strategic auditing: the road ahead
  38. 55th International conference of the IIA-Inc. Anaheim, California (1996).
    Paper: Future trends and keys to survival in internal auditing