The Case Analysis On Financial Fraud Listed In The "Xindadi Bio-tech"

The outbreak of enron stock market is a wake-up call to the United States.In order tomaintain normal economic order, the government issued strict sarbanes-oxley act, inorder to reduce the enterprise’s financial frauds.With the deepening of global integration,China’s stock market also started undercurrent, some enterprises to adopt financial fraudmeans, to achieve the purpose of the listing of its illegal.Guangdong xindadi Bio-Techco., LTD. Is in recent years, with financial fraud means to achieve the listing typical caseof illegal purposes.This article from the actual situation of Guangdong xindadi Bio-Tech co., LTD, theintegrated use of comparative research, quantitative research method and so on the manykinds of analysis method, combining with the knowledge of audit and related theory offinancial management, the enterprise financial fraud problems of a detailed analysis,points out its fraud technique, and find out the root of the problem, reveal the essence offinancial fraud.At the same time, in view of the company’s fraudulent practices specificpreventive measures and Suggestions were put forward, to help prevent such a thinghappening again in the future.The full text writing is divided into four parts.The first part of the introduction.Mainly introduced the research background,research purpose and significance of this article, research methods and ideas and researchcontent.Expounded in this paper, the main research method, adopted by the followresearch train of thought.The second part describes the cases.Has mainly introduced the basic situation ofGuangdong xindadi Bio-Tech co., LTD, including: the company’s organizationalstructure, raw material purchasing, production, sales, sales business processes, theaffiliated party audit, etc.Finally, the new earth company in specific link fraud behaviorexisted in the specific details, and the China securities regulatory commission (CSRC)listed on the fraud of the penalty of wrongdoing are introduced.The third part analyze the case.First of all, the analysis to the related theory ofknowledge, and then, using the related theory knowledge of Guangdong xindadiBio-Tech co., LTD in the supply chain, production of raw material ratio of false problems the problems of less cost inflated income, sales, sales link transport a variety of methodsof comprehensive fraud problems existing problem of fraud and the external audit indetailed analysis, find out the Guangdong xindadi Bio-Tech co., LTD root of listedcompany financial fraud behavior as well as to the matter of the market and the harmcaused by the certified public accountants audit.The fourth part of conclusion and suggestion. Guangdong xindadi Bio-Tech co.,LTD Of guangdong listed fraud case summary, analysis conclusion.And from the aspectsof relevant national legal system construction, enterprise external audit, internal auditrecommendation of enlightenment.