Internal control mechanisms operating performance of the business case study

• Main Authors: HSUN FENG KAO, 高熏風
• Other Authors: Day-Yang Liu
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/12608228554691297009

碩士 === 國立臺灣科技大學 === 財務金融研究所 === 100 === In recent years, many large international companies have been incidents of major fraud cases, such as the February 1995 Barings Bank in the UK, due to trader Leeson in excess of the authorized amount, the Nikkei 225 index futures operation, loss of billions of dollars, the end of 2001 shocked the world and an outbreak of the American Enron (Enron) case and WorldCom (WorldCom), and other financial scandals, the majority of investors have suffered heavy losses, the domestic like Bardon occurs, information discs, so electricity, elegant and force new Ba emptied cases of fraud, scandal Kuangpian majority of these investors, creditors, employees and the community will not only lead investor losses, and his efforts to make payment of water, but hit the sound development of capital markets, derivatives social problems. Op fraud arising from the negative impact, in addition to investors' distrust of corporate financial statements, but also to investors on the capital market are deterred from visiting. Fang Zhihong (2008) that domestic financial fraud cases in recent years, emerging, such as the Chinese Commercial Bank, Cosmos Bank scandal occurred emptied, these fraud cases highlight the value of internal control. Has Xiuzhen (2004) that large well-known enterprises from Mainland financial crisis continued to spread, hollowed out the company's assets, and released false financial statements and other events, and these events, all arise from normal business operations are not implemented effective and continuous internal control. Peng Huifang (2002) that the internal control (Internal Control) is a corporate governance aspect, directors and supervisors of operations, business transparency, corporate governance business strategy, corporate image of the specific implementation, and internal control is the corporate governance operations management and ensure compliance mechanism, the enterprise only in the strategic management of surface and work surface are well, have high-quality corporate governance. Huangchong Hui (2004) that the operation of corporate governance through strengthening the function of the board of directors and supervisors to fully implement the system of internal control, internal audit system and financial transparency, to provide immediate and appropriate information to avoid insider trading or fraud Xunsi related-party transactions occur, making each and every shareholder and interested parties can get a fair treatment and due reward, but also allow the company to successfully obtain the necessary working capital, thus making the company's operating performance moving upward, the company value Yulai the higher. And found that all dimensions of corporate governance, internal control mechanisms in order to have a significant impact on business performance. Responding to the competent authorities of China's securities relative to the internal control system, the importance of business management, which in 1992 issued "public companies to establish internal control system is implemented points" for the issuing company and the stock has been publicly listed companies to follow , look to companies through the internal control system to effectively create and execute and play the internal oversight, early warning function, strengthen the business base, and at any time can benefit from internal and external industrial, political and economic environment and the international situation of rapid change, combined with the company's operations Target amended at any time, in order to achieve a variety of measures and Hennessy function. By the company's internal control system designed for managers and by the Board of Directors, is part of the internal mechanism of corporate self-discipline, good sound internal control mechanism to promote the company's operations, the operation of internal discipline, and to follow the Act, the operation of effectiveness and efficiency, the reliability of financial reporting purposes. Therefore, if within the enterprise to establish a good internal control system and to put the, can effectively improve operational efficiency, to avoid the occurrence of operational mistakes and fraud, reduce operating costs, reduce business risk, and thus achieve steady business growth and sustainable management of aim should be to explore the subject worthy of study.