| Summary: | 碩士 === 逢甲大學 === 經營管理碩士在職專班 === 94 === On November 12th, 2003, aiming to strengthen the soundness and effectiveness of corporate governance and the overall national competitiveness, the “Accountability of Companies in Taiwan (ACT)”was passed by the Executive Yuan as the corporate governance guideline for future collaboration among the government and private companies. Among all, building sound accounting system to ensure the independence of the certified public accountants (CPAs) is one of the 6 dogmas.
CPA verification is essential to corporate governance and thus to the governance of the state-owned enterprise. According to the existing law, budgets of any state-owned enterprise are subjected to both the auditions of National Audit Office and the examination of Directorate-General of Budget, Accounting and Statistics. As a result, enforcing CPA verification might contradict and/or overlap with the existing audition process and abate the accounting independence as well. Moreover, in accordance to the Government Procurement Act, the tendering procedures for service procurement like CPA verification include open tendering procedures, selective tendering procedures and limited tendering procedures. The most efficient procedures need to be determined in order to attract the most-qualified accountant(s) and further facilitate corporate governance.
The purposes of this paper are to identify the effect and the independence of CPA verification system and to determine the most effective and efficient tendering procedures.
Based on the survey and interview results and the need of corporate governance and privatization, despite the difference in scale, it is necessary for all seven Ministry of Economic Affair (MOEA) state-owned enterprises to disclose their financial statements and to enforce the CPA verification. Additionally because open tendering procedures tend to result in vicious competitions which alleviate the market mechanism and the selective tendering procedures are practically unrealistic, limited tendering procedures are generally considered more appropriate and widely performed.
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