The Analysis Of Financial Fraud Cases In The Xindadi Company

A listed company in the role of the market economy is becoming more competitive. Some listed companies in order to improve business performance does not improve the ability from their own production and management but luck fictional fraud financial statements because of competitive pressures or their own interests. This requires CPAs possess the necessary expertise and maintain appropriate expertise in the audit work. At the same time, the occurrence of fraud also continues to promote Chinese relevant departments to standardize the market order, improve the audit procedures and related laws and regulations. For listed companies phenomenon of repeated fraud, many scholars on the causes of financial fraud and fraud methods conducted in-depth analysis and made a number of preventive measures, these strategies to some extent on the distortion of accounting information, information asymmetry phenomenon played inhibition at present. However, financial fraud is a major problem in worldwide; we need to explore research continuously. Many problems also emerged with the development of global economic integration. New Earth Biotechnology Co., Ltd. is a typical fraud in recent years which listed market fraud cases.In this paper analysis the Xindadi Biology Technology Co. in order to integrated use of literature, law, and other lessons learned essay writing which combining theoretical knowledge of the audit, the new land of fraud listed biotechnology issues Ltd detail analysis, pointing out its means of fraud, identify the source of their problems. Meanwhile, the paper also gives a case of fraud against its corresponding control measures and prevention recommendations to prevent a similar situation in the future to provide some help.This paper is divided into four main parts.The first part is the introduction. This paper mainly introduces the research significance, research background, research ideas and research methods. This section describes the research ideas and research methods.The second part is the body of case. It describes the specific process of background and fraud incidents of Xindadi Biological Technology Co.,.Through the Xindadi Biotechnology Co., Ltd. Listed fraud case to analyze, it elaborated on the specific circumstances of the audit of financial fraud. The main means of fraud to conceal the problem exists in large customer transactions; reduce production costs imaginary, fictitious fixed assets, related party information cover four areas.The third part is the case analysis. In this part mainly use the fraud triangle theory and the GONE theory to analysis the fraud case of the Xindadi Biotechnology Co.,Ltd. There are five reasons for this situation of failure of fraud audit.Part four are conclusions and recommendations. It describes five suggestions of Fraud Auditing including governance and external audit recommendations two parts.