The Impact Of Protection Mechanism On The Accounting Fraud Employee Disclosure In Listed Companies

In recent years,the CPC Central Committee and State Council explicitly pointed out that there is an urgent need to shift government functions to creating a favorable environment for development,providing quality public services and upholding social fairness and justice.These fraud cases of China's Yin Guangxia,Zheng Baiwen and the China's major economic events Lantian shares fraud,where the reporter Liu Shuwei was threatened by mail and telephone,already show that fraud has become an important issue in the world today.There are two reasons for fraudulent cases are not being treated,first some companies do not want or can not solve the fraud;and then company employees choose not to be exposed due to fear of retaliation,refusal to comply with the law and other reasons.Therefore,there is an urgent need to study the protection measures suitable for our country's employees to expose accounting fraud and then to form the disclosure mechanism of accounting fraud based on employee's disclosure of listed companies so as to provide the basis for raising the efficiency of securities supervision and the construction of relevant laws in our country.As for the protection mechanism of employee fraud in China,In this paper,we sort out the factors that affect employee fraud and combined with organizational behavior theory to find protection mechanisms have a fundamental and important role for employee disclosure.This paper uses complete random experiment design method by multiple factors,researching subjects in 8 different levels of protection mechanism of simulated scenarios and the possibility of exposing accounting frauds.Through analyzing the date gathered from experiments,we obtained following conclusions:(1)a high level of legal proceedings protection,a high level of legal anonymity protection and a high level of organizational protection will significantly increase the likelihood of employees disclosing accounting fraud.(2)A high level of protection mechanisms,in other words,a high level of litigation protection,a high level of legal anonymity protection and a high level of organizational guarantee,will significantly increase whislteblowing,and the three variables exist interaction.(3)Only when organizational protection at a high level,enhancing other incentives can significantly promote the possibility of whistleblowing.(4)In the gender-based experimental analysis,we found that there are significant differences in the exposures of different genders under different protection mechanisms.Women are more sensitive to the legal protection of anonymity,while both are sensitive to the protection of lawsuits and the protection of organizations.According to the conclusion of the study,this article from the legal aspects of legal protection and legal protection of anonymity,as well as organizationallevel protection mechanism to make recommendations to reduce the cost of employee fraud and improve the status quo of fraud in our country.