Analysis Of The Financial Fraud Of The Hailianxun Company Based On The The Fraud Triangle Theory

With the development of our country's economy and the improvement of the market economy system,our country's securities market has enjoyed rapid development.The number of listed companies in our country has risen substantially both in the number of companies and in the size of the company's financing.In the context of a thriving capital market,the growing number of financial fraud cases have begun to enter the public view.In recent years,a continuous burst of Wangfushengke,Xindadi and other cases,it is the financial fraud on the cusp.Such a phenomenon is not only unfavorable to the sound development of the securities market,but also causes many formal and legal enterprises to face enormous pressure and gravely infringes on the rights and interests of investors.It is not conducive to the sustainable development of the entire securities market.The financial fraud of these listed companies disrupts the order of the market economy,which not only causes the crisis of social credit problems but also hinders the pace of establishing an orderly securities market in our country.Therefore,how to effectively prevent listed companies from financial fraud,purify the market environment and protect the interests of stakeholders is an issue to be solved.Throughout the financial fraud cases of listed companies in our country,the traditional methods of fraud are frequently used,but time-tested.Fraud case of the company is a typical case,the fraud is a joint management fraud,which may also involve miscarriage of consultants and accounting firms and conspiracy conspiracy.Under this background,based on the theory of fraud triangulation,this article analyzes the financial fraudulent cases of Hailianxun Company,points out the means of fraud and the harms of fraud,and sums up the lessons of preventing financial fraud from the financial fraud cases,Which has certain practical significance for preventing the financial fraud of listed companies.This article is divided into five parts altogether,the main contents and structure are as follows: The first part mainly introduces the research background and significance of this article,and sorts out the research methods and structure.The second part is the literature review and theoretical basis,summarizes the related research results of financial fraud,including the motivation and means of financial fraud and the prevention and treatment measures.Defines the definition of financial fraud,and finally analyzes the fraud triangle theory in detail.The third part gives an overview of the financial fraud case of Hailianxun.First of all,introduce the situation of Hailianxuncompany and the general situation of the industry,then introduce the financial fraud from its difficult listing process,and finally analyze the means of financial fraudulence and the consequences.The fourth part is the analysis of the causes of financial malpractice.Based on the fraud triangle theory,this paper analyzes the pressure before and after listing,the opportunity of fraud provided by outsiders and the excuse of rationalization,and finally reveals the complete motivation of Financial Fraud.The fifth part is the prevention and control suggestions.This part puts forward suggestions on how to prevent and control financial fraud in listed companies from three aspects:companies,accounting firms,government agencies and industry associations.