The Recognition Of The Chinese Listed Companies Financial Fraud

In recent year,the repeatedly emerged financial fraud of Chinese listed companies was happened with the company's financial fraud methods and techniques are increasingly.It is not only effect the specification of stock market operation in China,but also influence the interest the general middle and small investors.As result,there is an important thing what measures can effectively identify the company's financial fraud has been the attention of the investors and regulators.The traditional identification of financial fraud are based on financial information and financial fraud methods.With the development of fraud methods and skills are various improved,and more easily to whitewash financial statements data,it makes the accuracy of traditional fraud method based on the financial information become a large lower level.Recently,in many cases,a number of studies have found that measures based on non-financial information to identify fraud are more effective.By contrast financial information,the index of non-financial information can reflect the business performance of the company in the other side,and the data is not easy to whitewash,thus there is an important meaning to set a method of financial fraud identification based on non-financial information for reducing the audit risk,improving the supervision of market and protecting the benefit of medium and small investors.In this paper,based on non-financial information,the financial fraud identification is studied by the two aspects of theory methods and practice methods.Firstly,this paper reviewed the meaning and related characteristics of financial fraud,studied the theory of the financial fraud motivation,and then analyzed the relationship between the above ones.This paper has chosen 52 stock A listed companies as experiment team both punished by China Security Regulatory Committee and Shanghai Stock Exchange or Shenzhen Stock Exchange from 2008 to 2015.After choosing the representative variables including company operation,company govern,the fraud purpose and audit information,this paper has established the recognition model through logistic regression to recognize financial fraud.The result has verified that compared with the non-fraud companies,there great differences between non-financial indicator and financial indicator of fraud companies,and the asset and income change are small,audit advice is give a little late,the fees accounts more in income,and the turnover rate of the receivables is small.The non-accuracy of the model to the listed companies in China is 84.6%,so it has better recognition effect.The contribution of this paper is that enriched the theory study about the relationship between the non-financial information and financial fraud in some degrees.Partly,the empirical analysis of this paper has reference significance about identifying financial fraud,strengthening market regulation.