The Relevance Between the Corporate Governance and the Gap of Internal Control Cognitive - In The Banking Industry

• Main Authors: Hua-Chieh Hsiao, 蕭華傑
• Other Authors: Chi-Chen Lin
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/c9xk2e

碩士 === 國立臺北商業大學 === 會計財稅研究所 === 106 === With the development of the economic globalization, the banking industry is increasingly valued by government, enterprises, and investors. The related internal control and supervisory authorities become more important. The Mega Bank New York branch was fined $180 million by the New York Financial Services Agency for violating the bank secrecy laws and anti-money laundering declaration regulations of New York State in 2016. However, The Mega Bank was ranked among the best in the financial industry in corporate governance evaluations. Doesn't this show that the corporate governance units and the board of directors had an oversighted the implementation of internal control and monitoring? The purpose of this study is to investigate the cognitive gap between the bank's internal control statement and the Financial Supervisory Commission's sanction cases. Furthermore, to analyze corporate governance mechanisms for the implementation of internal control and the effectiveness of internal audit, and the effect of these on the cognitive gap. This study used TEJ corporate governance related information and the Financial Supervisory Commission-Banking Bureau sanctions cases data from 2010-2016, and used Logistic Regression to investigate the corporate governance mechanisms and the effective type of internal control statement , and it affected the results of cognitive gaps. The results revealed that when the bank’s internal control statement for the year claim to be fully effective with no necessary improvements, and the bank whose improvements had been improved completed, the situation of being punished in the next year was not reduced but increased. The board of directors and supervisors who had more accounting professional background and the proportion of the supervisors holding more shares are more likely to yield to the cognitive gap of internal control. Therefore, banks with valid bank internal control statements weren’t entirely valid, they still have the possibility of being penalized by the competent authority for the lack of internal control, the stability of personnel and the replacement of accountants or firms have no significant impact on cognitive gaps.