A Study On Listed Companies' Financial Fraud Recognition,Causes And Prevention Case Analysis

With the separation of ownership and management rights of enterprises,new problems such as principal-aaent and information asymmetry are brought about,which provides an opportunity for corporate financial fraud.Since the beginning of this century,in addition to the fraud cases of the United States Enron and the WorldCom,which have been exposed,the same cases of fraud cases such as Yinguangxia and Lantian have occurred in China.The adverse effects brought about by these fraud cases involve a wide range,which has seriously affected the operation of China's financial and economic health norms,reduced the efficiency of capital market resource redeployment,and cracked down on the public's confidence in the capital market.Give enough attention to fight for effective prevention of such fraud.The identification and motivation analysis of financial fraud in listed companies not only enriches the relevant theories of preventing financial fraud,but also provides suggestions and references for the specific practices of enterprises,intermediaries,and regulatory authorities,which can regulate the order of business operations and help enterprises.To achieve long-term development,enhance the company's own value.protect the vital interests of investors,and guide the capital market to move forward healthily.This paper combines the financial fraud incidents of Geeya Technology,and uses the comparative analysis method to identify the financial fraud methods adopted by Geeya Science and Technology through structural analysis based on financial statements,comparative analysis based on its industry and rationality analysis.And motivation analysis.Through a detailed analysis of Geeya Technology's financial statements,it was learned that Geeya Technology's accounts receivable,construction in progress,prepayments items,and related financial indicators are all abnormal.According to the analysis and research,we can see that Geeya Technology has a large possibility of financial frauds such as increasing income and profits.After longitudinal analysis of the company's financial statements,the company then analyzes the subtle relationship between Geeya Technology and other companies in the industry in the horizontal direction,and finds that Geeya Technology,which has the same technical level and product quality,cannot compete with the best companies in the same industry.Far above the average income growth rate of the same industry,these can provide evidence for Geeya Technology's inferences about financial fraud,and the corrections made by Geeya Technology later confirmed this conclusion.Next,combined with the detailed data in the correction report and identification analysis,and using the more complete financial fraud GONE theory from the greed.opportunity,needs and exposure of four factors,a comprehensive analysis of Geeya technology's fraud motivation,and in Finally,the company proposes prevention measures for financial fraud from three aspects:the company,the intermediary agency,and the government regulatory department.It hopes to reduce the occurrence of fraud in other listed companies and protect the vital interests of investors.