Abstract

This study proposes the introduction of Accounting Business Process Outsourcing(BPO) as an ex－ante measure to enhance accounting transparency. This approach aims to address issues such as errors in financial disclosures and subsidy settlements, as well as deficiencies in internal controls, which arise from structural constraints inherent in the accounting operations of public－interest corporations. To this end, a survey was conducted with 109 public－interest corporations to identify difficulties in accounting management and to analyze perceptions regarding external accounting outsourcing. The results revealed that these organizations face significant challenges in accounting management due to structural constraints, including insufficient accounting education and training, a shortage of dedicated accounting personnel, inadequate accounting systems and tools, and a lack of internal control and audit systems. Furthermore, an analysis based on organizational characteristics indicated that public－interest corporations without dedicated accounting staff, those receiving government subsidies, and those subject to external audits experienced relatively greater difficulties in accounting management compared to their counterparts. Finally, the study found that public－interest corporations anticipate that the introduction of external accounting outsourcing would contribute to the enhancement of accounting transparency. The study suggests three tailored Accounting BPO models： Model 1：Double－entry bookkeeping for small－scale public－interest corporations. Model 2：Bookkeeping and subsidy execution management and settlement services for public interest corporations receiving government subsidies. Model 3：Bookkeeping and internal control services for large－scale public－interest corporations To mitigate costs and ensure quality, the study recommends a government－led “Accounting Voucher System” and a “Accounting BPO Provider Certification System.” Ultimately, Accounting BPO enables a transition from an ex－post regulatory framework to an ex－ante, preventative system.

Keywords

• Public－interest Corporations
• Accounting Transparency
• Business Process Outsourcing(BPO)
• Government Subsidies
• Internal Control

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