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研究生:黃誌緯
研究生(外文):Chih-wei Huang
論文名稱:內部控制有效性與企業績效及財務報導可靠性
論文名稱(外文):The Relationship between the Effectiveness of Internal Control and Firm Performance as well as the Reliability of Financial Reporting
指導教授:賴秀卿賴秀卿引用關係
指導教授(外文):Syou-Ching Lai
學位類別:碩士
校院名稱:國立成功大學
系所名稱:會計學系碩博士班
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2009
畢業學年度:97
語文別:中文
論文頁數:113
中文關鍵詞:會計錯誤企業績效財務報表重編內部控制缺失
外文關鍵詞:Firm performanceRestatementInternal control weaknessAccounting error
相關次數:
  • 被引用被引用:72
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本研究以2004年至2007之美國上市櫃公司作為研究對象,分析內部控制缺失之類型及數量對於企業的營運績效及財務報導的可靠性(包括財務報表的重編及會計錯誤)的影響。
本研究從Audit Analytics及Compustat資料庫中收集2004年至2007年揭露內部控制缺失之公司共1117筆,加上1117筆無內部控制缺失之控制組公司,總共2234筆樣本公司。依COSO內部控制整合架構中五大要素之定義,將AuditAnalytics中21類內部控制缺失按COSO架構分類,並考量發生次數後,將Audit Analytics揭露之內部控制缺失分成七大類型,以迴歸模型加以分析探討。
實證結果發現有內部控制缺失會造成企業績效的下降,其中又以「控制環境缺失」、「資訊科技控制缺失」、「會計文件、政策及程序相關缺失」以及「控制設計相關缺失」對企業營運績效的影響最大,除了影響當期績效外,對於後期的績效也有遞延的增額負向影響。而「資訊科技控制缺失」代表負責產出報表的資訊系統有錯誤,「會計文件、政策及程序相關缺失」、「會計分錄、會計調節及非例行性交易相關缺失」以及「期末調整相關缺失」則是與會計之處理及程序相關的缺失,此四類內部控制缺失顯著與財務報表的編製直接相關,因此對於企業財務報表的重編有顯著的增額影響。另外,「會計文件、政策與程序」、「期末調整」以及「公司揭露之重編」,這三類內部控制缺失由於與會計處理相關,故影響較多類會計錯誤的發生。「應收帳款、投資及現金相關之會計錯誤」與「存貨、供應商及成本相關之會計錯誤」,在公司營運中需要大量的處理,因此會顯著受到所有七類型內部控制缺失的影響。
本研究實證結果也發現內部控制缺失的數量,會顯著的對企業績效、財務報導的可靠性(包括財務報表的重編及各會計錯誤)產生負向的影響。綜合上述結論,隨著內部控制缺失類型的不同,對於企業績效及財務報表重編的影響(包括嚴重性及延遲性)也不同。而不同類型內部控制缺失對各會計錯誤也有不同之影響。企業可運用之資源有限,在建立內部控制制度時,可參考本研究之實證結果,如目標為增進企業績效時,則避免營運程序相關之內部控制缺失發生,而目標為提升財務報導可靠性時,則應避免會計處理相關之內部控制缺失發生,針對不同的目標,配置資源防止負向增額效果較強之內部控制缺失的發生。
This paper investigates the effect of different types of internal control material weaknesses and the number of material weakness on firm performance, financial statement restatement, and accounting errors. We focus on a sample of 1117 U.S. companies that disclosed at least one material weakness in AuditAnalytics database and 1117 U.S. companies that didn’t disclosed any material weakness during the years from 2004 to 2007. The prior literatures mostly focus on having internal control material weakness or not. This paper believes that different types of material weaknesses may cause different effect. Based on COSO internal control framework, we classify all internal control material weaknesses in database into seven types. Then, we use regression models to identify the relationship between different types of weaknesses and firm performance, financial statement restatement, and accounting errors.
The findings indicate that as compared with firms without material weakness, firms with material weaknesses of control environment, information technology, accounting documentation, accounting policy, accounting procedures and control design have worse firm performance, not only in current year but also in next two years. That means these internal control weaknesses have negative incremental effect on firm performance. Second, the firms having material weaknesses related to financial reporting such as information technology, accounting procedure, journal entry control, year-end adjustment, non-routine transaction and reconciliation have higher opportunity to restate their financial statement. Third, we find firms with material weaknesses of accounting documentation, accounting policy, accounting procedures, year-end adjustment and restatement of company filings have significant negative effect on the top ten most frequent accounting errors. Finally, we find that the firms with more internal control material weaknesses have worse firm performance, more financial statement restatement and accounting errors.
第一章 序論 1
第一節 研究背景與動機 1
第二節 研究目的 3
第三節 研究貢獻 3
第四節 研究流程及架構 4
第二章 文獻探討 6
第一節 沙賓法案與內部控制 6
第二節 內部控制制度 10
第三節 內部控制與企業績效 14
第四節 內部控制與財務報導 16
第三章 研究設計 18
第一節 內部控制缺失分類 18
第二節 會計錯誤篩選 22
第三節 研究假說 24
第四節 變數衡量與實證模型 30
第五節 研究期間、資料來源及樣本選取 44
第四章 實證結果與分析 47
第一節 敘述性統計量 47
第二節 內部控制缺失與企業營運績效 51
第三節 內部控制缺失與財務報表重編 63
第四節 內部控制缺失與會計錯誤 68
第五章 結論與建議 78
第一節 結論 78
第二節 研究限制 81
第三節 後續研究建議 81
第六章 參考文獻 82
附錄A 實證模型相關係數 87
附錄B 內部控制缺失-AuditAnalytics 106
附錄C 會計錯誤-AuditAnalytics 108
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