The Research On The Accounting Fraud In Chinese Listed Cnompay ZXYY

With the rapid development of the next world capital markets and economicintegration in the background, China’s securities market since its inception, the listedcompany’s accounting fraud problem after another. Accounting fraud has become a topicof our annual commonplace, it has been a serious impediment to China’s economicdevelopment. It led directly to the company’s stock price fell sharply, causing huge lossesto investors, and hinder the company’s own development, the company faces the risk ofdelisting, and even hinder the healthy development of the securities market, the impact ofeffective allocation of resources and reduce the credibility of the stock market, etc. andso on, so that people shocked but also led people to question the accounting fraudprofound reflection. Therefore, how to establish an effective system to preventaccounting fraud is a serious problem.ZXYY listed companies face intense competition in the traditional pharmaceuticalindustry, expanding market share, do not hesitate to fraud means to achieve the purposeof the pursuit of profit, the company plunged into crises. This paper describes the ZXYYPublic Company Accounting fraud means to analyze the reasons for the company’sinternal and external motivations accounting fraud and accounting fraud, indicatingimproved management compensation system, standardize corporate governance structureof listed companies, the need to strengthen internal and external oversight, and thus putforward countermeasures and suggestions in order to protect the interests of investors,especially small investors. Writing full text is divided into four parts.The first part of the introduction. Introduces the research background andsignificance, research and research methods, literature review, describes the basicframework of research methods used in this paper and the research ideas and to followthis article.The second part of the case description, mainly introduced the basic situation ZXYYlisted company, the company’s accounting fraud case review of its accounting fraudissues specific description, including: inflated assets, inflated profits through relatedparty transactions, forgery operation performance over financing.The third part of the case studies. First, the analysis applied to the relevant theories elaborate accounting fraud, and the use of the theory of the Public Company Accountingfraud ZXYY reason analysis.Part IV Conclusions and recommendations. Proposed governance recommendationsfor the company’s specific accounting fraud problem exists. From the company’scorporate governance structure, improve the management compensation system toimprove the independent directors of professional ethics, strengthen the independence ofthe external auditor, and enhance market supervision and other aspects ofrecommendations for improvement. Improve internal and external controls andsupervision key accounting fraud, in order to better protect the interests of investors.