Chinese Listed Companies Financial Fraud Management Strategies

The governance of the financial fraud of the listed companies has always been an obstacle to the orderly operation of the capital market and a hot spot of research.The financial fraud scandal shocked from foreign capital market signs of Enron,a number of global telecom enterprises,to the case exposed in China since the reform of market economy,Zhangzidao Xintai electric means such as fraud,financial fraud of listed companies is becoming more diverse and subtle.In order to maintain healthy,stable and orderly development of capital market,domestic and foreign scholars have not stopped studying the causes and Countermeasures of financial fraud and have made many achievements.The regulatory agencies also update and improve the mode of supervision and regulation,and improve the relevant laws and regulations,so that the financial fraud can really play a disciplinary role.But the research situation of the financial fraud of the listed companies is still very serious.At present,China is experiencing the pressure and challenges of economic downturn and the social transformation of supply side reform.The trend of financial fraud has been increasing.Therefore,it is of great significance to study the financial fraud of the listed companies and the application of their research results in the healthy operation of the capital market.This paper takes the "delisting first stock" Xintai electric as a case.The theme focuses on the causes and Countermeasures of our company's financial fraud in the last time,hoping to contribute to the good operation of China's market economy and resist the destruction of the majority of investors' interests.This paper uses case analysis,literature research,induction and deduction methods,taking the motivation theory of financial fraud and taking Xintai electric financial fraud case as an example,to explore the causes,measures and Countermeasures of fraud in China's listed companies.This article first reviewed the relevant research results at home and abroad,and then describes the nature and types of fraud,financial fraud behavior,introduced the "iceberg" theory,financial fraud triangle theory,GONE theory and the financial theory of fraud risk factors,in consideration of our society under the background of enterprise financial fraud means and motivation.On this basis,in view of Xintai electric financial statements whitewash cases,we use the theory of financial fraud risk factors to analyze the fraud means and motivations of Xintai electric financial fraud,as well as the corrective measures and development status of securities regulatory agencies after punishment.Finally,from the two dimensions of internal control and external supervision of listed companies,internal control,CPA audit quality of CPA and occupation moral construction,improve policies and regulations and supervision of the three aspects,put forward countermeasures and suggestions to strengthen the governance of corporate financial fraud.