A Case Study About Financial Fraud Of Wanjiang Logistics Based On The Theory Of Fraud Risk Factors

In recent years,the development of China's capital market has made remarkable achievements,the number and size of listed companies are growing,but increasingly frequent financial fraud case has lead to the establishment of the integrity of our capital market mechanism is difficult,not only harm the interests of investors,especially small investors,but also gradually become the first “cancer” to hinder the further development of socialist market economy with Chinese characteristics.Therefore,it is more and more important for China's securities regulatory departments to improve the legal system of capital market,enhance the supervision ability of securities regulatory authorities,and prevent the occurrence of listed companies financial fraud.In order to fundamentally break the “curse” of financial fraud case frequently occurrence in our country's capital market,alleviate the current severe and complex fraud situation,we must further strengthen the study of the specific cases of listed company financial fraud with the theory of fraud motivation,recognize the hidden means and deep-seated reasons of listed company financial fraud,make effective,systematic,practical countermeasures to prevention and governance of listed company financial fraud.In this context,this paper combines theory with practice,draws lessons from the domestic and foreign scholars' research results about financial fraud,based on the specific case of Wanjiang logistics financial fraud,uses the most perfect and comprehensive theory of fraud risk factors to explore the hidden means and deep-seated reasons of Wanjiang logistics financial fraud,and put forward countermeasures to prevent and control the financial fraud of listed companies.The conclusion is that,governance financial fraud of capital market need to change the management idea of greed,eliminate the chance of financial fraud of listed companies,reduce the demand of the financial fraud of listed companies,improve the possibility of exposure of listed company financial fraud,and increase the penalties for listed company financial fraud.There are six parts in this paper,specifically include the following content.The second part is a basic overview of financial fraud,this part mainly layer theoretical basis for the analysis and research of this paper,expounds the concept,the means and harm of financial fraud,and systematically introduces the composition of the theory of fraud risk factors.The third part is the case description of Wanjiang logistics financial fraud,this part mainly introduces the basic situation,the fraud process and punishment results of Wanjiang logistics,and systematically analysis the fraudulent means by Wanjiang logistics in the event.The fourth part is the motivation analysis of Wanjiang logistics financial fraud,this part combined with the theory of fraud risk factors,from the five aspects of motivation,moral quality,opportunity,the possibility of exposure,the nature and extent of punishment after exposure to explore the deep-seated reasons of Wanjiang logistics financial fraud.The fifth part is the enlightenment of Wanjiang logistics case to prevent financial fraud of listed companies,this part puts forward the countermeasures to prevent and control the financial fraud of listed companies based on the theory of fraud risk factors.