Analysis And Solutions To Agriculture Listed Company Financial Frauds In China

No matter in America where the capital market is large and complex, nor in Chinawith its capital market just started, there were financial frauds appeared in many listedcompanies, which not only disturbed the normal order of capital market, but also seriouslydamaged the national economic life. To take a close look into the financial frauds in manylisted companies in domestic capital market, dividing the frequency of fraud according toindustry and agricultural listed companies caught our eyes. At the end of2012, the listedcompany financial inspection activity carried out by China Securities RegulatoryCommission found that the proportion of agricultural enterprises terminating the IPOapplication is far more than other industries, which make us wonder that whether there is afluky mentality hidden behind financial frauds upon end of the application. What on earthcauses the agricultural listed companies to do financial frauds despite repeated prohibitions?At the same time, how should the intermediary agencies and regulators do to preventagricultural listed companies from making financial frauds?By taking China’s A-share listed39agricultural enterprises established during1992to2013as objects of study, this essay starts from the present situation of agricultural industrydevelopment and industry characteristics as well as analyzes the whole situation ofagriculture listed company’s frauds. Meanwhile, countermeasures and suggestions areputting forward to deal with agricultural listed companies financial frauds after deepanalysis of relevant cases. This essay is divided into seven chapters. The first chapter isintroduction which mainly introduces the research background, research purpose andsignificance, as well as research methods and ideas, etc. Chapter2is literature review inwhich related literature both domestic and abroad were reviewed and summarized. Thethird chapter is about agricultural listed companies financial frauds investigation andstatistical analysis. The fourth chapter is about typical case analysis of agriculture listedcompany financial frauds in which Green earth, The new earth, WanFu Biotechnology(Hunan) Agricultural Development Co., Ltd were taken as examples. The author madein-depth analysis of case situations and means. The fifth chapter is about main measureanalysis of agriculture listed company financial frauds. Chapter Six is about agriculturelisted company financial fraud reason analysis. Chapter seven, management of agriculturallisted companies financial fraud countermeasures and suggestions are putting forward. This essay directly and deeply digs out the root cause of the agricultural listedcompany financial frauds by studying the overall situation of agriculture listed companyfinancial frauds as well as deep analyzing typical cases combined with industrycharacteristics and then put forward the countermeasures and suggestions from the sourceso as to reach for the purpose of fraud prevention and early containment. At the same time,it proves to be effective in agriculture listed company financial frauds. In addition, theresearch of agriculture listed company financial frauds not only provides a new thoughtand method for listed company’s frauds in other fields, but also plays a reference role forsolving the financial frauds of listed companies domestically.