本研究探討私立大學校院查核特性、組織特性及經營特性，與其財務操縱程度之關聯，實證結果顯示，查核特性、組織特性及經營特性，皆為影響私立大學校院財務操縱程度之重要特質。個別變數方面，大型會計師事務所查核、產業專精度及經營費用變動，與財務操縱程度呈顯著正相關；大型事務所與產業專精度之交互作用、學校類型及學校設立時間，則與財務操縱程度呈顯著負相關。上述結果，即使在改變產業專精度及查核年資之衡量方式後，所獲得之結論仍然相似，故本文之結論應具強韌性。另外，本文也測試教育部對私校財務規範是否也會影響私立大學校院之財務操縱行為，結果顯示，採限制性招標方式來選任查核會計師，能有效地抑止私立學校之財務操縱行為；但審計公費由教育部來負擔，則無法提升私校之審計品質。

This paper explores the effect of auditing, organizational and operating characteristics on financial manipulation level of private universities and colleges (PCU). Empirical results show that all of the three characteristics mentioned above have significant effect on financial manipulation of PCU. For variables of different characteristics, audit by large CPA firm (BIG), industry expert (SPE), and change of operating expense (VADM) all have significantly positive effect on financial manipulation of PCU. On the other hand, interaction effect of BIG and SPE, school type (SHL), and school age (AGE) all have significantly negative effect on financial manipulation of PCU. Furthermore, the above results remain the same even after changing the measurement ways of SPE and CPAs' duration (DUR).