A Study On The Supervision Of Financial Violations Of Listed Companies

Based on the statistics of listed company,which have financial violations,from 2013 to 2017,it is found that the financial violations of listed companies occur frequently and the means of violations become more and more complex.The existing regulatory measures can not restrain its occurrence.In addition,the regulatory authorities in our country issue more punishment notices for financial violations of listed companies,but less punishments for accounting firms.In view of the above situation,it is necessary to study how regulators should supervise the financial violations of listed companies and reasonably divide the liability for violations.Based on the previous background,using big data statistics,this paper makes a descriptive analysis on financial illegal listed companies,audit invalidity and external supervision in China from 2013 to 2017.From which,we obtains the present situation of financial violations supervision of listed companies in China.And then,this paper uses case analysis method,taking*ST Kunji as an example,and analyzes from four aspects:the way of financial violation,the cause of financial violation,the reason of audit failure of accounting firm and the appropriateness of external supervision punishment.At last,through the analysis of the current situation of financial violations supervision of listed companies in China and the analysis of*ST Kunji financial violations supervision,the paper provides effective suggestions for regulatory agencies to supervise the financial violations of listed companies in the future.From the previous analysis,this paper mainly draws following countermeasures:first,the external regulatory agencies in China can expand the main body of supervision,and encourage the masses and the media to supervise daily business activities of listed companies and accounting firms;Second,the external regulatory agencies can establish a basic information data base of financial violations of listed companies and accounting firms.Third,in the face of increasingly complex financial violations,the regulatory authorities need to refine the regulatory system and improve the legal basis of supervision.Fourth,regulatory authorities should reasonably distinguish the liability for financial violations and punish different subjects from their different violations.Fifth,under the condition of increasingly strict supervision,listed companies and accounting firms should improve their own system construction and reduce the occurrence of financial violations of listed companies from the source.Through the study of financial irregularities in China,this paper aims to provide some references for the audit of accounting firms in the future.