The Research Of Accounting Fraud Of Our National Listed Companies

Since the emergence of China's securities market, accounting fraud of our national listed companies always exists. Abroad, the companies such as the United States of Enron, WorldCom, Xerox and other world 500 strong enterprises have accounting fraud. Accounting fraud in China is occurring repeatedly, such as Yin Guangxia scandal, Joan case and Zheng Baiwen case, and then the Kelon Electrical, Tianjin card case. Accounting fraud of listed company seriously affects investor's judgments and decisions, and makes the significant impact to the capital markets. Accounting fraud of listed company will hinder the healthy and continuous development of social economy. Therefore, the effective recognition and management of accounting fraud is important for the study of accounting profession.Western accounting profession makes more research of the accounting fraud, which has important reference for our study of accounting fraud. But taking the economic, legal environment into account, accounting fraud of China's listed companies must be based on the specific situation of China. The paper combines the research of theory and the study of case. The paper explores the accounting fraud of listed companies in China, through researching into the motivation, the identification and the governance of accounting fraud first, and then studying the case of Kelon Electrical fraud.First, the paper introduces the concept and the means of accounting fraud, and the real system environment of accounting fraud in China. Second, it analyzes the motivation of accounting fraud of listed companies in China through using the most comprehensive theory risk factors. Third, it proposes the methods of the identification and the treatments of accounting fraud.Finally, the paper analyzes the motivation of the Kelon Electrical case from the theories of the normal risk factors and the separate risk factor. It introduces the identification of Kelon Electrical case mainly from the exception of accounting indicators and obtains some inspiration for the supervision of the accounting fraud of our national listed companies.Paper is made of six parts.First part, introduces the background, the purpose and significance of the study, the literature review, the research contents and methods.Second part, introduces the theory of accounting fraud, the concept of accounting fraud, the means of accounting fraud and the relevant theory.The third part is about the motivation of the accounting fraud. The paper analyzes the motivation of accounting fraud of listed companies in China from the theories of the normal risk factors and the separate risk factor, based on the theory of risk factors of fraud.The fourth part introduces the identification of accounting fraud. The thesis introduces the identification of accounting fraud from the financial statements, accounting data, and the choices of accounting policy and the changes of accounting estimates.The fifth part introduces the management of the accounting fraud. The paper concludes precautionary measure from the analysis of the motivation and the identification of accounting fraud.The sixth part analyzes the classic Kelon electrical case, and at last elaborates the research conclusions and outlook.