A Study on the Impact of the Implementation of Risk-based Auditing on Business Operation Performance under the Eurozone Debt Crisis

• Main Authors: Fei-YiHung, 洪斐怡
• Other Authors: Hsin-Hong Kang
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/82393294591412944737

碩士 === 國立成功大學 === 高階管理碩士在職專班(EMBA) === 101 === Enterprises face more and more uncertainty due to the rapidly changing climate of global economy. When facing the global turmoil, it is increasingly important to improve the nature of enterprises and seeking the key factors to help enterprises grow stably becomes a hot and urgent issue. The main purpose of the thesis is to examine whether risk-based auditing can reduce risk and loss, increase enterprises competitiveness and stabilize business operation in the face of European debt crisis. In order to emphasize the importance of enterprises risk management, it also investigates whether it is enough to help enterprises avoid risk and tackle the crisis by only implementing the regulation-required internal auditing which is a lack of regulation and implementation of risk management. The thesis adopts the eight factors of integrated enterprise risk management framework published by COSO Committee in 2004, together with regulation-required internal auditing and risk-based auditing to analyze their influences on business operation performance which is represented by sales growth rate, net operation profit, payment mechanism, new product development, enterprise image and external reputation, and employee career development and welfare system. The main findings of the research include: 1. Enterprise risk management has positive significant impact on business operation performance such as sales growth rate, net operation profit, payment mechanism, enterprise image and external reputation during the period of European debt crisis. 2. Risk-based auditing has positive significant impact on business operation performance such as new product development, enterprise image and external reputation, and employee career development and welfare system during the period of European debt crisis. 3. Regulation-required internal auditing has positive significant impact on employee career development and welfare system only, and no effects on other factors of business operation performance during the period of European debt crisis. Our empirical findings show that the implementation of risk management and internal auditing can help enterprise reduce risk and stabilize operation in the face of future uncertainty. The finding is consistent with our research hypothesis. However, enterprise’s implementation of the regulation-required internal auditing only improves employee career development and welfare system, but no effects on other factors of business operation performance. The conclusion reconfirms that risk-based auditing is very helpful to stabilize business growth and therefore can be a good guideline for business management strategy.