Research On Corruption, Audit And Supervision Of Related Party Transactions In China 's Listed Companies

Since the enterprise reform in our country, "spin-off" of history, economies of scale coupled with the continuous development of such related party transactions has become an important part of many listed companies daily production operations. Related party transactions of listed companies economic behavior an important part in China’s listed companies is very common. On the plus side, the related party transactions can reduce transaction costs and improve the company’s capital operation ability and operational efficiency of listed companies to help businesses maximize group profits. However, due to related party relationships more complex, special, abuse behavior related party transactions have occurred. Thus, strictly regulate related party transactions of listed companies, put in an increasingly prominent position. Because of China’s securities market supervision is lax, the uneven level of listed companies and some listed companies for their own interests to consider, on the financial statements fraud. China since the late 1990 s, since the occurrence of a series of major financial fraud cases occur Zhengbaiwen, green earth, purple Xin Pharmaceutical and other financial fraud case investors caused huge economic losses to society caused a lot of negative influences.Based on this, related party transactions of listed companies to analyze the phenomenon of fraud, in order to define the related party relationships and transactions as the theoretical basis for related party transactions in recent years of statistics and analysis for the theoretical data, from the perspective of the CPA the audit of related party transactions are now facing major problems and has not been the main reason for prevention. Combined Kingsun case, to illustrate the listed companies through related party transaction fraud motivation, the way its hazards. Finally, related party transactions against fraud audit strategies and regulatory measures. To reduce the harm associated with trading fraud.The thesis is divided into six parts, the first part is an introduction, the main contents introduces the research background and significance, as well as previous studies on related party transactions and their auditing and supervisory do a literature review. The second chapter is the theory of related party transactions and the audit analysis of related parties and transactions were defined, and the use of the triangular theory(stress factors, opportunity factors, excuse factor) for fraud related party transactions do the analysis. The third chapter introduces the current situation related transactions, related party transactions audit existing problems and the current laws and regulations related party transactions and government regulators. The fourth chapter is Kingsun case studies from the company’s point of view of its choice of financial fraud causes and means, from the point of view of the CPA why not find related transaction fraud. The fifth chapter presents how to regulate and standardize the regulation of audit recommendations. The sixth chapter is the conclusion.Hopes of related party transactions and regulatory audits and studies, can effectively reduce fraud related transactions, related party transactions to improve audit quality, reduce audit risk CPAs, so that resources can be really full and effective configuration, listed Companies can be more fair competition, investors can be more assured of investment, the capital market to a more healthy direction.