| dc.description.abstract | It has been breaking out several significant corporate frauds in recent years. Actually, the practicing fraud is always caused by collapse of corporate governance, failure in internal control or unfilfullment of internal or external auditing. People prefer to focus on the subject of independent director, rather than internal control’s practicing and designing. Internal control is a systematic self-control and corporate governance is an exterior supervision from market. Therefore, a well-designed and sustainable internal control system is the key factor to reach operational target and corporation’s continually expanding.
This dissertation is examing company D, which is one of the biggest inverter producer in the world, is already successfully listing. Although the company was embezzled company money by its employee during the process of applying IPO, the company eventually IPO on December 2007 by fully review and enhance its internal control system. Through this case study, the importance of design and re-edit internal control system will be demonstrated.
Through the five factors of COSO report, corporate governance and case study of company D, the aim of this dissertation is following:
1. To build up “internal control system” for a firm to perform self -assessment of internal control must increase the independent position for internal auditor.
2. To carry out corporate governance by fulfill the duty of independent director.
3. According to the research method to improve the system by discovering the system’s weakness.
There are advices for a company to accomplish internal control system:
1. The internal control system must meet company’s need to compliance laws.
2. The management has to fully support internal control system.
3. All personnel must fully understand and willing to carry out the system.
4. The internal auditor has to operate integrity and have to be given the independent position.
5. To enhance education and training to staff to build up its internal control concept.
6. All personnel should involve in internal control operation.
7. The system must be reviewed and re-edit continuing. | en_US |