Research On Financial Fraud And Administration In Listed Companies Based On New Accounting Standards

In the 18th century,the financial fraud of The South Sea Company caused the joint-stock company to be prohibitted for about 100 years,and let Britain's economy fall into the standstill. In the 20's and 30'at 20 century, the storm of financial frauds caused the stock market of New York to collapse, and made the whole international economy fall back for decades. Starting from 21th century, with the further development of the market economy, financial fraud became more seriously in listed companies,such as Qiongminyuan Zhenbaiwen and Yinguangxia and so on.The behavior of financial fraud, not only bring great loss to investor, wavere and dampenn investors' confidence, but also destroy the credit foundation of stock market. In the view of the current harm caused by financial fraud, it is necessary that we must find the method of how to result financial fraud in-depth study, then a fair and orderly securities market will be given to us.On February 15th,2006, China's Ministry of Finance issued new accounting standards, which was used in listed companies and starting from January 1st,2007. Compared with original accounting standards, new accounting standards has a lot of new changes.The introduction of new accounting standards will further regulate the production of accounting information in listed companies, improve listed companies to disclose accounting information quality, and effective control of financial fraud taken place in listed companies, promoting the development of China's securities market and create an open and fair environment. Therefore, new criteria for the study of financial fraud under the listed companies that have a deep practical significance.The article is divided into four parts:part one is the introduction of the article. In this part, I introduce the background and significance of the article, summary and overview on prior financial fraud research, then put forward the article's contribution and deficiencies. Part two mainly describe the accounting standards, financial fraud, the new guidelines for the control of financial fraud. Part three deeply research debt restructuring and analyze the effects, problems and corresponding strategic recommendations of new debt restructuring to control financial fraud. Part four put forward the relevant recommendations of governance of financial fraud, with emphasis on accounting principles and application of the guidelines; continue to refine and strengthen internal controls building; strengthening corporate governance and oversight mechanisms inside and outside.