Research On Accounting Fraud Of Listed Companies

Since the reform and opening up, the stock market has been gradually established, the stock market has been countless exposed scandals in listed companies. The earliest foreign fraud-the British South Sea Company, resulted in the stagnation of the British economy, American WorldCom bankruptcy of listed company for more than $100 billion refreshed the record, the domestic financial fraud events such as Guangdong Kelon Electric Appliance, Wan Fu Biotechnology (Hunan) Agricultural and so on, accounting fraud phenomenon emerge in an endless, seriously damage the establishment of the stock market to optimize the allocation of market resources the configuration of the original intention, which does great harm to the healthy development of social economy. Although the government and the departments of various countries take measures, accounting fraud is increasingly fierce, the prevention and governance of listing company accounting fraud become brook no delay.In this case the XZJ company is one of the typical representative of the listed company in 2014 accounting fraud, the financial fraud amount is large, means of fraud is subtle and complex, the securities regulatory authorities fines light, which has become a hot topic of discussion. The phenomenon of accounting fraud in the XZJ company involving a wide range, highlights the background system in our country. The research can provide a reference revelation of the recommendations for the prevention and treatment of China’s listed company accounting fraud.This paper first discusses the background of the phenomenon of accounting fraud and a lot of harm to the economy, carefully combing the domestic and foreign accounting fraud literature and comment on them, and puts forward the purposes and significance of research on the subject; Secondly, earnestly to elaborate the definition of accounting fraud, economics explanation, accounting fraud means and motivation, earnings management and accounting fraud of the supervision mechanism and system environment relevant theory of accounting fraud, in order to pave the way for the following analysis; Thirdly, the basic situation of the XZJ company is introduced, and the accounting fraud means and the motivation of the XZJ company are introduced, and the financial fraud cases are combed according to the time sequence; Then, this paper describes the typical problems of accounting fraud in the XZJ company, and carries on the deep analysis to the relevant theory of accounting fraud; Finally, from two aspects of the internal and external environment of the company, put forward prevention and governance of listed company accounting fraud implications, the management system including the reasonable arrangement of listed companies ownership structure and specification to improve the internal mechanism of corporate governance and to improve the internal control of listed; external governance system including improve the financial personnel’s occupational ethics quality, improve the external auditor’s supervision level to perform their duties, enhance the supervision of the securities regulatory authorities and strengthen the accounting information disclosure mechanism construction.