Research On Financial Fraud Prevention And Countermeasures Of Listed Companies In China

Since its reform and open to the outside world,China has been actively attracting foreign capital and developing its economy.Chinese economy has grown constantly,and people's living standard has been greatly improved.With the further development of China's reform and opening up,the economic growth mode is also changing from extensive to intensive.VC,PE and other ancillary industries have emerged and flourished.Financial industry is attracting more and more attention in economic construction.With the power of capital,the enterprises can grow faster and become bigger in a short period of time in order to shorten the time of the original capital's accumulation.When entering the stage of rapid development after the earlier stage,enterprises are even more willing to join the ranks of listed companies for financing.Due to the interest driven by the high premium of listed companies,the financial fraud of listed companies has also become a universal problem.Even in developed countries with relatively sound economic and legal system,financial falsification still emerges in an endless stream.Especially the public enterprises with financial fraud greatly generate negative impact and harm to the market.Therefore,it is of great practical significance to study the financial fraud of the listed companies.The purpose of this research is to systematically study on the preventing and coping strategies of financial fraud at China's listed companies.First,the analysis of current situation,causes,characteristics and consequences of the financial fraud is carried on in details.Secondly,the investigation is focus on the introduction and classification about the means of falsification,mainly including revenue,cost,assets and related transactions.Thirdly,taking Jin Ya Technology which is a famous and typical case in recent years as an example,an in-depth analysis is made from the causes of fraud and the paths of fraud.Some suggested conclusions are put forward.Finally,based on the analysis and explanation with other references,several countermeasures about preventing and avoiding the financial of listed companies are described.The author's expectation is to form a self-management mode for the four levels,company,intermediary organization,investor and government.That is,government supervision is at the center,the intermediary agency monitoring is as a bridge,investors' detection is as a supplement.