기업지배구조 개선이 내부회계관리제도 강화를 통해 회계부정 발생에 미치는 영향

This paper investigates a effect of improving corporate governance on occurring accounting fraud through strengthening internal accounting control. Samples are 216 firm-years(54 audit review firms, 162 matching firms) that had been listed on KRX from 2009 to 2011. To be specific, accounting fraud occurrence is measured on the basis of audit review, and internal accounting control that refers to the characteristics of human resources. Corporate governance means firm’s overall control level on a manager in recent researches. So corporate governance index(CGI) is to be used exclusively for reflection of firm’s overall governance level in this paper. According to the results, the total number and years of experience of personnel in internal accounting control have significant mediating effect on a relation between corporate governance and accounting fraud. It means that firms must improve their whole governance level not a partial level to prevent the manager’s financial statement distortion. It is because of CGI which measures firm’s overall corporate governance level. Besides these contributions, this research suggests the way of applying mediating effect to methodology in future financial accounting researches.