The Affiliated Party Transactions Fraud And Audit Countermeasures Research

Research capital markets fraud and fraud audit has always been a topic worth exploring, as early as the1720s, the British "South Sea Company bankruptcy" has aroused public concern for the company’s financial fraud. You can say that the South Sea Company’s case was a turning point towards a modern civil audit, but also to the government, the public and investors began to focus on the company’s financial fraud, civil fraud audit also began to explore the behavior of its audit methods.Since reform and opening up, China’s rapid economic development, set up the Shanghai stock exchange and Shenzhen stock exchange in China since the1990s two major stock exchange, the existing more than two thousand companies traded on the market, this shows that our country enterprise is bigger and stronger, the strength of enterprises are constantly ascension. But on the other hand, in the back of a surge in the number of listed companies also has exposed many problems, because our country securities market regulation is lax, the listed company level are good or bad intermingled, and part of the listed company to its own interests into consideration, such as financial statements for fraud. Since the late1990s in China, a series of major financial fraud case, especially "Yin Gang Xia event" is particularly far-reaching impact on securities market of our country, since then our country also begin to pay close attention to financial reporting false and fraud countermeasures research. And notable is that the frequent cases of financial fraud of listed companies, now from the Zi Jin mining to the green earth, Wan Fusheng Kang Zhi on to come in from the pharmaceutical industry, financial reporting fraud, financial fraud means emerge in endlessly, not only make the huge losses to the enterprise itself, but also brought loss to the national and social public. These emerge in endlessly in the means of fraud, the affiliated party transactions fraud for its complexity and concealment now common ways of financial fraud of listed company and even will use means.Based on this, the use of related party transactions for financial fraud of listed companies, the author of this paper analyzes the phenomenon of, traced back, first of all, from the analysis of related party and its definition of related party transactions, and analyzed the use of related party transactions for financial fraud of listed company of motivation and identification methods; Then combined with the recent Kang Zhi pharmaceutical financial fraud case, to illustrate the use of related party transactions for fraud of listed company of universality and its harm; At the same time, in the perspective of certified public accountants audit, respectively from the accounting firm as a whole level and specific business level analysis on the certified public accountants of the affiliated party transactions fraud audit of the main problems and the reasons of failed to effectively guard against; Finally based on the affiliated party transactions fraud audit in the reality facing the problems and their causes, and put forward relevant feasible countermeasures to further reduce the harm by the means of fraud.