Research On Accounting Fraud Of Listed Companies On The Growth Enterprise Market In My Country

GEM after 10 years of brewing,and finally in October 2009 boarded the stage of China's securities market.After more than seven years,the GEM has 493 small and medium enterprises listed,to help them solve the problem of financing difficulties,but also the development and expansion of a number of enterprises.As of 2015 the market value of the GEM reached 55916 billion yuan,while achieving results also exposed some problems.For example:"three high" problem,high raise funds and other issues,one of the more prominent problem is the corrupt phenomenon of the GEM is more serious.This paper analyzes the average assets,average operating income,average net profit and gross profit margin and growth rate of the GEM,and shows the characteristics of "small and beautiful" with high growth and innovation ability.At the same time,it analyzes the characteristics of the system of the GEM:low listing threshold,sponsor system and direct delisting system.After the analysis of the status quo of the GEM fraud,enumerated a larger case of fraud and the use of statistical data for further analysis,concluded that:fraud enterprises in the listed companies accounted for a high proportion of commonly used fraud means false records,major omissions and Delayed omissions.Which in the false record in the inflated income,the most common profit.Significant omission of the most important transactions and matters,as well as related transactions and matters.Then,this article also analyzes the reasons for the fraud of the GEM:economic interests are the root cause of fraud;from the corporate point of view,SMEs have strong financing needs,weak corporate governance and internal control management issues,to provide soil for fraud;Of the institutional point of view,the requirements of the listing of enterprises appears to be low is high,the sponsor both "athletes and referee role"caused by independence is not strong,delisting system is not really implemented to a certain extent,happened.From the regulatory point of view:the weak government regulation and the lack of convergence,the role of the Ministry of Finance did not play,the limited number of SFC and regulatory lag.Self-discipline organizations and intermediaries are poorly independent;investors are mainly speculative,lack of awareness of rights;public and media sources of information is limited and lack of protection to whistleblowers.Fraudulent gains and cost disproportionate issues.These offer opportunities for fraud.At the end of this paper,combined with the case analysis of Dandong Xintai Electric,from three aspects of the proposed fraud management recommendations:First,within the enterprise self-improvement:the need for enterprises from top to bottom have a good professional ethics and good posture mentality,reasonable performance Indicators,and improve the internal corporate governance structure and effective internal control system.Second,change the operating system of the GEM:the establishment of a loose access system,the normalization of the delisting mechanism and the sponsorship system for life.Third,strengthen the external supervision:to play the government supervision,intermediary agenc ies and industry self-regulatory organization of supervision,public and media supervision.And to have been found in the fraud committed to increase its punishment.