Case Study On Nine Top Group Financial Fraud

With the rapid development of China’s economy,countless enterprises are trying their best to be listed on the stock exchange in order to share a piece of the market in the capital market.Every year,the regulator makes strict checks on the financial affairs of the relevant enterprises,but the cases of financial fraud still occur every year.In order to meet the needs of their own business and shareholders’constant pursuit of interests,enterprises have generated the motivation of financial fraud,and take risks to carry out illegal acts.This kind of behavior has a serious impact on the judgment of small and medium-sized investors on the securities market,brings huge losses to investors,loses trust in the securities market,and seriously damages the healthy development of the capital market.Therefore,the study of financial fraud has very important theoretical and practical significance.In this paper,Jiuhao Group financial fraud case as the research object,because of its special means of fraud and fraud areas,has aroused the attention and reflection of the capital market.Firstly,this paper reviews the relevant literature and concepts at home and abroad,laying a solid foundation for case analysis;secondly,it describes the cases of financial fraud of Jiuhao Group,including the basic situation of enterprises,means of financial fraud,characteristics of financial fraud and the serious consequences of financial fraud;thirdly,based on Zha’s analysis.Based on the theory of Jiuhao Group’s financial fraud analysis,this paper combs and codes the data of Jiuhao Group’s financial fraud cases,puts the external and internal driving forces of financial fraud into the grounded coding analysis,and integrates and sums up the axis coding from the open coding to get five main models that affect Jiuhao Group’s financial fraud.Domain factors,namely,business needs,personal demand pressure,failure of internal governance mechanism and external regulatory mechanism,and rationalization of fraud,are finally selected and coded to get three core categories,and the spatial static influencing factors of Jiuhao Group’s financial fraud behavior are obtained.Motivation,condition and attitude are also three elements of Jiuhao Group’s financial fraud behavior.The logical correlation between them is analyzed and explored,and the time dynamic formation mechanism of financial fraud behavior of Jiuhao Group is constructed.Fourthly,according to the study and analysis of the financial fraud case of Jiuhao Group,the enterprise itself,intermediary auditing institutions,evaluation agencies and regulatory bodies have been inspired,and based on this,the corresponding countermeasures of financial fraud are put forward,with a view to strengthening the supervision of financial fraud.By using the grounded theory for coding analysis,this paper effectively improves the limitations of previous scholars that can not include the only quantitative into the designated research,effectively combines the theory of this study with the case,and makes the research more scientific and comprehensive.Secondly,unlike previous studies,financial fraud acts as a whole dynamic process.