Research On The Motivation And Countermeasures Of Financial Fraud In Kunming Machine Tool Based On The Theory Of Fraud Triangle

With the continuous development of China’s economy,China’s securities market is also booming,forming a multi-level securities market system.The number of listed companies is also increasing year by year,but the quality of listed companies is uneven,and frequent financial fraud incidents have caused serious problems.Social impact and huge losses.Even though China’s external government regulatory authorities have responded by continuously reforming and improving the corresponding systems and introducing new policies,they have not been able to effectively curb the financial fraud of listed companies.Therefore,it is of great significance to conduct in-depth research and analysis on the financial fraud of listed companies.The implementation of financial fraud by Kunming Machine Tool for three consecutive years is one of the typical cases of the CSRC’s inspection.It has certain practical significance to carry out research on its financial fraud behavior.This paper is divided into six parts.The first part first expounds the research background and significance of this paper.Then it reviews and summarizes the research results of scholars at home and abroad on the causes,means and prevention strategies of financial fraud,and then establishes the research ideas of this paper.The second part elaborates on the content of financial fraud,and focuses on the theory of fraud triangle as the theoretical basis of this article.The third part introduces the general situation of Kunming Machine Tool Company and the basic situation of Kunming machine tool fraud.The fourth part first analyzes the methods of fraud in Kunming machine tools,mainly including fraudulent means of inflating income,under-receiving management expenses,under-reporting and multi-cost.On the basis of the previous,based on the theory of fraud triangle,from the three aspects of stress,opportunity and self-rational excuses,the author analyzes the motivation of the fraud phenomenon of Kunming machine tool.Finally,the consequences of the fraudulent behavior of Kunming machine tools were analyzed.The fifth part starts from the motivation of the machine tool fraud in Kunming,and proposes corresponding preventive measures for the fraudulent behavior of Kunming machine tools from the three perspectives of reducing the pressure of fraud,reducing the chance of fraud and eliminating the rationalization of fraud.The sixth part summarizes and forecasts the full text.Through research and analysis,this paper finds that the root cause of the pressure of the Kunming machine tool’s fraud is from the company’s development interests.The root of the opportunity comes from the internal and external system defects of the company.The excuse is rooted in the management’s own greed and interest promotion.It was the implementation of financial fraud under the combined effect of three factors.In order to effectively curb the financial fraud behavior of listed companies such as Kunming Machine Tool and build an effective anti-fraud system,it is necessary to start from the cause of fraud and cut off the source of fraud inside and outside the company.