Research On The Causes And Means Of Financial Frand In ST Enterprises In China

At present,the trade between China and the international trade is getting closer and closer.In this mode of trade globalization,the behaviors of enterprises,investors and creditors in the process of trade have a profound impact on the accuracy of the financial information of the enterprise,and the key issues of whether a series of financial activities such as investment and management can be carried out smoothly and reasonably.In terms of actual situation,financial reporting fraud is not rare in China.In order to protect the interests of the present,enterprises deliberately modify the financial data,provide false financial information to the government and the market,and make it difficult for the market and relevant economic subjects to accurately understand the operation of enterprises,and the financial data cannot be effectively grasped,which seriously affects the fairness and legality of trade relations.These events occurred frequently,which seriously damaged the corporate image,reduce the social trust of enterprise products and services,paid a heavy price,not only make the enterprise itself and to the industry culture had a negative effect.Financial fraud has prevented investors from making the right decisions,damaging the interests of minority shareholders,undermining the orderly development of capital markets and causing great economic losses.Financial fraud also leads to the stock market in the allocation of resources optimization and important role in the destruction,destruction of the entire securities market is the most basic principle,seriously affected the sustainable healthy development of national economy.Accounting firms and brokerages involved in financial fraud are also heavily implicated and fined.The city of ST industries has been under a lot of pressure to get out of the city,and in order to ensure that the return of the market continues,many of these firms have created the appearance of sufficient funds to avoid the return of the city,which,in the event of such a perverse incentive,is the result of financial fraud.Therefore,the analysis of financial fraud for such enterprises plays a significant role in the control of the fraud situation.This paper first introduces the basic general situation of ST enterprise,the various risks faced by ST,points out the conditions of ST enterprise's picking,and summarizes the motivations,characteristics and consequences of the financial fraud of ST enterprises based on the ST enterprises exposed to financial fraud.In addition,it has recently revealed that financial fraud and illegal behaviors have lasted for A long time,and the illegal means are especially bad(concealing and making up important facts).The amount of A company represented by A company is extremely large.According to the GONE theory,combining with the motivation characteristics of the financial fraud of the aforementioned ST enterprises,the author analyzes the causes of financial fraud of company A from the four aspects of greed factor,opportunity factor,need factor and exposure factor.According to the penalty announcement of CSRC,combined with the characteristics of the financial fraud method of the aforementioned ST enterprise,and then analyzed the data of company A's financial report,summarized the means of financial fraud of company A.It also expounds the serious consequences of company A's financial fraud,and has bad influence on the company itself,the accounting profession and other stakeholders.Finally,based on the representation of company A in ST enterprise and according to the fraud situation of company A and the internal and external environment of the company,the management countermeasures and suggestions are given to the financial fraud of ST enterprises from the aspects of internal management,information disclosure and securities supervision,as well as accounting firms and social supervision.It is mainly to improve the internal management of the company,improve the internal control system,strengthen the internal control process construction,and give full play to the role of the board of supervisors.To strengthen the special mechanism of withdrawing from the market due to the violation of information disclosure,improve the details and daily supervision of the information disclosure system,and improve the cost of information disclosure violation;Improving the quality of certified public accountants audit,prevent complicit in,encourage and safeguard social supervision,strengthen the social regulation of the company,to strengthen the executive practice supervision,establishing the reputation of the company and executive mechanism,strengthen the certified public accountants and accounting staff of professional ethics.