Identification And Prevention Of Financial Fraud Of Listed Cultural Media Companies Based On Five-dimension Model

The demand for a better life among the people in society has shifted from basic necessities to spiritual needs,and the rise of the cultural media industry has just adapted to the transformation of social needs.In the report of the 19 th National Congress,the Party explicitly proposed to "strengthen confidence in culture and promote the prosperity of socialist culture".Strengthening the development of the cultural media industry is the implementation and follow-up of the goals proposed by our Party.As a widely concerned industry,although regulatory authorities have successively introduced some guiding policies,violations by listed companies still occur frequently.In order to maintain the healthy development of the capital market and social stability,it is necessary to effectively identify and prevent financial fraud in cultural media listed companies.At present,the domestic academic community has not fully utilized the five dimensional model to explore how to identify and prevent financial fraud behavior of cultural media listed companies.Therefore,this article will use this model as a basis to explore how to better identify and control such financial fraud behaviors.This article studies the financial differences between the cultural media industry and traditional enterprises,and points out that the five dimensional model can better identify and prevent financial fraud behavior of cultural media listed companies by combining its unique characteristics and financial risk points.This paper selects Company H as the object of the Case study,and analyzes the identification process of financial fraud in this case from five dimensions,namely,financial tax,industry business,corporate governance,internal control and digital characteristics.The study finds that during the seven years of financial fraud in Company H,abnormal characteristic variables of financial fraud can be found from five dimensions.Finally,from the perspective of external audit institutions,this article proposes five key and careful matters that need to be paid attention to during auditing,so that financial fraud can be exposed and subject to supervision from the public and regulatory agencies,in order to prevent H financial fraud from its root cause.Through the research and analysis of case H company,it can be verified that the five dimensional model is effective in identifying and effectively identifying financial fraud issues in cultural media listed companies.I hope that this study can enrich the theoretical research on the identification and prevention of financial fraud in cultural media listed companies in China;In practice,provide a richer and more comprehensive perspective for external audit institutions on how to strengthen the identification and prevention of financial fraud,and promote the sustained and healthy development of the capital market.