A Case Of Study Of The Financial Of XTDQ

The financial fraud of a listed company is not an unexpected event. It must be a matter of course. After a long period of premeditated accumulation of a series of organized fraud,its impact is very bad, not only seriously affect the company shareholders and potential investors to judge the real financial situation of listed companies, But also the people of the community on the accounting sector and audit departments have a skeptical attitude, the more serious consequences of the public is no longer the entire capital market trust. Therefore, investors and potential investors are becoming more and more demanding on the transparency of accounting information.How to identify the false financial statements of listed companies has become a topic of increasing public concern.Dandong XT Electric Co., Ltd. was established in July 25, 2007 by the original Dandong Rectifier Co., Ltd. to change the establishment of a joint stock limited company.Dandong Rectifier Co., Ltd. was established in March 23, 1999, its predecessor is the Dandong City Civil Affairs Bureau of Dandong Rectifier factory. The company's business scope includes: manufacturing, processing and sales: reactor, power capacitors and complete sets of equipment,modular substation,dry-type transformers,oil-immersed transformers, special transformers, high and low voltage electrical appliances, rectifier equipment, Arc coil, electrical components, silicon steel sheet, magnet wire, mining electrical products, electrical equipment installation, management of goods and technology import and export. Main energy-saving power transmission equipment and reactive power compensation devices such as power optimization equipment to the development, production and sales. Dandong XT Electric Co., Ltd. officially listed on January 27, 2014, stock code 300372. July 14, 2015, XT Electric for alleged violation of securities laws and regulations issued by the China Securities Regulatory Commission received the "investigation notice The Company issued an "Administrative Penalty and Market Prohibited Prior Notice" to XT Electric on May 31,2016,after a year of investigation that the company was suspected of fraudulent issuance and disclosure of information. In accordance with the "Securities Law" and the relevant provisions of the Commission, XT Electric was made administrative penalties at the same time to start a mandatory delisting procedures, August 22, 2016, listed companies suspended trading by the Shenzhen Stock Exchange so far.In this paper, the financial fraud as a case of XT analysis, exposing the financial fraud of listed companies the general means, on the one hand so that accounting information users have a certain degree of ability to identify false accounting statements,so that investors and potential investors can be relatively rational On the other hand, hope to enhance public recognition of false financial statements and thus the financial fraud of listed companies to combat the risk of violations and further increase the cost to fundamentally reduce the emergence of financial fraud cases of listed companies,So as to achieve the role of purifying the market, the development of the entire capital securities market is of great significance.