Research On Management Fraud Auditing For Chinese High-tech Enterprises

In recent years, there are a lot of fraud cases exposed in high-tech enterprises, which caused turbulence of capital market and strong discontent of the public. For a substantial proportion of the notice of the penalties in SEC is the high-tech enterprises'management fraud, because they have high science and technology content, high market risks, short product life cycle and highly competitive industry. The theme how to effectively reveal management fraud aroused special attention again.The article first studied the corrupt motive, means and forms in accordance with the characteristics of the high-tech enterprises. And then reviewed for the existing fraud management audit method, deeply analyzed the problems, in order to show the status of the fraud management audit at this stage. Finally the article improved the fraud management audit strategies. According to the characteristics of the high-tech enterprises, the article studied the signal system of fraud (including financial and non-financial signals), and proposed to put them into Logistic regression model, in order to quantify the probability of fraud management, resolve the allocation of audit resources and improve the efficiency and effectiveness of the audit.On the basis of the domestic and international signals of fraud, the article deeply analyzed Chinese high-tech enterprises management fraud signals from the financial and non-financial aspects, which will be helpful for the information users to get a better understanding of high-tech enterprises management fraud risk factors, and rich the theory of Chinese fraud management signs to some extent. The article's practical significance displays in the following ways: firstly, resolve the allocation of audit resources, improve the efficiency and effectiveness of the audit; secondly, improve the quality of high-tech enterprises'financial report , enhance informal constraints, and promote China's high-tech enterprises, as well as the security market to healthy develop; thirdly, promote the healthy development of the audit industry; finally, construct social credibility and maintain the market economic order.