Research On Detecting Model Of Fraudulent Financial Statement Of Real Estate Listed Companies

Publicity of information can maintain and protect open, equity and justice of securities business. With the action of stock market which servers for market economy building in our country becoming stronger, people need to improve the quality of accounting information. But fraudulent financial reporting prevents the capital market from developing. It influences the optimization of the distribution of resources of the stock market. And it also seriously hurts the confidence of majority investors. The phenomenons of fraudulent financial statements appear frequently in the global stock market. Therefore, the fraudulent financial reporting problem has attracted the attention of accountants and auditors.The researches of domestic and abroad indicate that it is possible to identify fraudulent financial statements. Although fraudulent listed companies make out aborative plan, it is impossible that the statements have not a leak. The index of fraudulent listed companies would have abnormity from natural ones. The current research was based on a sample of all real estate to establish common financial reporting fraud to identify the model, no distinction between trade model, and different real estate have different financial characteristics. The effect of real estate model will be better than general models. Based on the previous study, this paper selects the real estate and sets up the model of fraudulent financial statements. The research will help the users to recognize listed companies which have symptom of fraud, then do further confirmation.This paper adopts normative and empirical methods to study the fraudulent financial statements. The empirical method is to set up logistic regression model to verify. This paper selects fraudulent real estate listed companies and real estate listed companies without fraud as sample, establishes the model of fraudulent financial statements of real estate listed company and forecasts samples for testing. The test results of the model show that the model of real estate listed companies is better than the general model. We should set up different sectors of the real estate model, and then the model will be better.The contribution of the paper:The paper constructs the model by using the data of the listed company of real estate of our country:The result of the model of real estate is better.