Study On The Influence Of Corporate Internal Governance On Listed Company's Financial Fraud

Financial fraud of listed companies has always been the focus of public and academic issues.Financial fraud of listed companies reduces the credibility of the financial statements of listed companies;It has bad impact on manager's decisions based on accounting information to make and affect the company's reputation,making the listed companies into a crisis,and even hinder the healthy development of capital markets.Although the relevant departments of our country have been concerned about the financial fraud of listed companies,and take measures to respond,but the financial fraud still repeated.There are many reasons,and corporate governance is a factor that can't be ignored.This paper aims to clarify the relationship between financial fraud and corporate governance.Through empirical analysis,it tests the impact of various factors on the financial fraud,and finally puts forward countermeasures and suggestions.First of all,this article clarifies the concept of financial fraud and corporate governance,and describes the composition of financial fraud and the characteristics of corporate governance structure of listed companies.By reviewing literature of the status at home and abroad,we get the theoretical framework of the relationship,and put forward the hypothesis of this study.We test the difference between two groups of data by sample mean T test,and analyze the correlation between corporate governance and corporate fraud by Logistic regression.The empirical results show that some factors have relevance with financial fraud,such as the ownership concentration states,the general manager and the chairman of the board,the establishment of the audit committee,manager's academic qualifications.Finally,this paper puts forward the countermeasures of financial fraud,include to enhance corporate governance structure,to enhance the effectiveness of internal control,to strict external supervision and audit.