Research On The Fraud Means Of Agricultural Listed Companies

Fraud of listed companies is a global problem,China also has a serious problem of fraud of listed companies.Financial fraud of listed companies is also a hot issue.In recent years,with the development of agricultural enterprises in China,as well as the support of China's policies and local governments,agricultural enterprises have gradually gained a place in the main body of listing companies,and the proportion of them has gradually increased.However,Lantian shares,Yinguangxia,Edmond branch,new agricultural listed companies have been found have the financial fraud,and the recent Huishan fraud case,all of them has brought the huge influence to our country's capital market,the fraud of listed agricultural companies has become the focus of attention.Due to the strong volatility,lower yields and longer operation cycle compared to other industries,the agricultural enterprises are often difficult to smoothly through the examination and approval of listed capital injection,or difficult to maintain good operating results and so on,agricultural enterprises have more fraud motivation.In addition,a large number of cash transactions,biological assets,the external institution of agricultural enterprise supervision is often difficult to check,these factors are leading to more easily causes the financial fraud of agricultural company.Through the reading of the financial fraud motivation,and governance theory of domestic and foreign literature.This paper based on the Commission administrative punishment book from 2001 to 2016,choose 20 agricultural listed company fraud cases,use by using Yue Dianmin's(2009)analysis framework presented of fraud to do descriptive statistical,fraud will be divided into two categories: the financial statements fraud and illegal disclosure of accounting information.And then analysis the specific means of fraud under every kind of statistical.After the completion of the statistical analysis,the combination of the characteristics of the agricultural enterprises and their common means of fraud,analysis ofthe relationship between these fraudulent practices and industry characteristics.Secondly,the combination of theory and practice,the introduction of Zhenlong specialty fraud cases,analysis of the use of fraud means.Finally,summarizes the full text,draw conclusions,and suggestions.From the agricultural listed companies,agencies,supervision levels to give suggestions: to strengthen the governance of agricultural listed companies,to strengthen the quality and maintain occupation suspicion of intermediary institutions,intensify supervision and punishment of the agricultural listed companies and intermediary institutions of supervision,in order to regulate the capital market,reduce fraud prevention of financial fraud,protect the rights and interests of investors,and promote the healthy development of China's capital market.