Study On Governance Of Financial Fraud In Agricultural Enterprises

In recent years,the phenomenon of financial fraud in China's agricultural enterprises is frequent.From the LAN TIAN GROUP,to XIN DA DI,the financial fraud of agricultural enterprises has continued one after another.The continuous financial fraud of agricultural enterprises has not only hindered the development of the entire agricultural enterprise,but also seriously disrupted the order of the capital market.Although internal agencies,regulatory agencies,accounting firms,securities companies and other intermediary agencies are constantly taking measures to strengthen the governance of financial fraud,there is still no deterrent to financial fraud in agricultural enterprises.According to statistics,in 2016,the Securities Regulatory Commission issued a total of 19 penalties involving financial fraud,including as many as five enterprises belonging to agricultural enterprises.This reflects that there are still problems in the governance of financial fraud in agricultural enterprises in China.It is of positive significance to conduct a comprehensive study on the governance of financial fraud in agricultural enterprises.This article uses a combination of theoretical analysis and case studies.First of all,the domestic and foreign scholars have elaborated relevant researches on financial fraud governance,and summarized the current governance situation of financial fraud in China's agricultural enterprises from three perspectives:internal,regulatory agencies,and intermediary agencies.some problems.Secondly,combining with the particularity of China's agricultural industry,the causes of governance status and existing problems are analyzed in detail from the perspectives of internal,regulatory,and intermediary organizations.Then,a case analysis method was used to conduct a detailed analysis of the financial fraud case of Shen Xian Yuan and the above discussion was applied.Finally,in light of the current actual situation,the relevant countermeasures and proposals for the financial fraud of agricultural enterprises are proposed from the three levels of the company's internal,regulatory agencies,and intermediary agencies.The conclusion of this paper concludes that there are four main reasons for the problems in the governance of financial fraud in agricultural enterprises:First,the industry-specific nature of agricultural enterprises leads to difficulties in governance;Second,the system of enterprises is not perfect;Third,the regulatory agencies Supervision is not in place;fourth,the responsibility for the intermediary structure has not been fulfilled.Therefore,in order to effectively curb the financial fraud of agricultural enterprises,it is necessary to strengthen the management of agricultural enterprises from the above four aspects.