為了探討內部控制制度與公司治理之關係，本文擬以1995年以來所暴發財務危機之公司治理事件，包括霸菱集團李森事件(1995)，國際票券公司楊瑞仁事件(1995)，台灣地雷股公司事件(1998)，安隆事件(2001)及聯合愛爾蘭銀行羅斯納事件(2002)等實務個案，探討：
一、暴發財務危機之公司治理事件與內部控制五大組成要素之關係。
二、暴發公司治理事件公司內部控制缺失之共通性。
三、內部控制五大組成要素在強化公司治理上之助益與限制。
四、台灣企業以內部控制制度強化公司治理之可行性分析。
五、提供評估內部控制度計量方法的模式。

Management and boards in today’s organizations face more dramatic demands, challenges, and opportunities than ever before in fulfilling their commitment to oversight of stakeholder investment.
Corporate accountablity, governance, risk mitigation are just a few concerns that pepper the thoughts of senior management and boards of directors in contemporary organizations. The ensuring of organizational ethics, efficiency, economy, and effectiveness requires a much broader approach today than even as recently as five years ago.
Corparate governance is the organization’s stratigic response to risk. The choice is simple: Either keep up or get out; playing “catch up” is no longer an option. The stakes are too high, the potential losses too great.
This thesis analyzes the relationship between internal controls and effective corporate governance by studying five real cases including the collapse of Barings, the fraud of International Security Corp., the collapse of Taiwan public listed companies, ENRON, and the fraud of AIB Bank.
The analyses suggest that organizations everywhere should:
‧Exhibit an ethical “tone at the top”.
‧Hire only the honest and ethical employees.
‧Establish an effective risk management program and a strong system of internal control.
‧Establish and maintain a competent internal auditing function.
‧Continuously monitor the organization’s operations, policies, and procedures by board (Audit committee) and governing authority.

第一章 緒論‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥1
第一節 研究背景與動機‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥1
第二節 研究目的‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥4
第三節 研究架構‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥5
第二章 文獻探討‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥6
第一節 公司治理與代理關係之探討‥‥‥‥‥‥‥‥‥‥‥‥6
第二節 公司治理‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥13
第三節 企業所有與企業經營分離‥‥‥‥‥‥‥‥‥‥‥‥‥35
第四節 內部控制制度‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥37
第五節 內部稽核作業‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥51
第三章 研究方法‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥58
第一節 研究方法與資料來源‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥58
第二節 研究期間與研究樣本‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥63
第三節 操作模型與信度分析‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥64
第四節 基本假說‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥69
第四章 實證結果與分析‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥71
實務個案一：由霸菱李森事件探討內部控制與
公司治理關係‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥71
實務個案二：由國票事件探討內部控制與公司治理關係‥‥‥‥94
實務個案三：由台灣財務危機公司事件探討內部控制與
公司治理關係‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥102
實務個案四：由安隆事件探討內部控制與公司治理關係‥‥‥‥110
實務個案五：由聯合愛爾蘭銀行鉅額虧空弊案探討內部控制與
公司治理關係‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥123
第五章 結論建議‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥131
第一節 研究結論‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥131
第二節 研究建議‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥135
參考文獻‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥141

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