Research On Financial Fraud Motivation Of KMTC Based On GONE Theory

With the development of Chinese economy,the status of the securities market has become increasingly unmovable.A good securities market can be described as a place for mutual benefit between enterprises and investors.However,there will always be cases of poor management.At this time,such enterprises often carry out financial fraud in order to achieve different purposes.In order to improve this situation,in November 2018,the Shanghai Stock Exchange officially promulgated and implemented a number of new regulations,including new standards such as mandatory illegal delisting,and the listing rules of stocks and the re-listing of delisting companies.The release of this new regulation also means an increase in the compulsory delisting of enterprises,and an increase in penalties for companies that have major violations to protect the interests of investors.This thesis takes the financial fraud incident of Kunming machine tool as the research object.Through the combination of literature research method and case study method,firstly,the problems of Kunming machine tool are raised from the four aspects of fraud,and then combined with theory and actually analyze why Kunming machine tools will carry out financial fraud,that is,the motive of financial fraud.Finally,this thesis proposes to improve the phenomenon of corporate financial fraud to solve the problem.This thesis has four parts which the first is the introduction.Firstly,the research background and significance of this thesis are introduced.Then the literature review is carried out on related researches at home and abroad.Finally,the research methods and contents of this thesis are briefly introduced.Next,the second part is the case description,which mainly includes the company background of Kunming Machine Tool and the whole process of financial fraud.Wang Xing,the chairman of Kunming Machine Tool Co.,Ltd.,combined with several senior executives to carry out financial fraud through inter-temporary confirmation of income,false income and inflated contract price,was eventually exposed to the bleak ending of forced withdrawal.After that,the third part is case analysis.Firstly,it introduces the theoretical basis used in this thesis and then it introduces the four factors of GONE theory in detail,and then analyzes the motivation of financial fraud of Kunming machine tool based on the above theoret ical basis.Finally,the fourth part is the revelation and suggestions.Firstly,it discusses the enlightenment brought about by analyzing the financial fraud incident of Kunming Machine Tool.Finally,it proposes from four aspects from the perspective of CPA.