Research On Accounting Fraud And Governance Of XT Electric Co.Ltd

Since the 21st century,accounting fraud scandals continue to pop up all over the world.It has not only greatly affected the normal and orderly development of the economy,encroached on the interests and rights of the great number of investors,but also aggravated the credit crisis of the public towards the capital market.It seriously hindered our national and even international capital market development,great harm.Although accounting fraud has always been the focus of academic research.But obviously,in the face of frequent fraud scandals,our anti-fraud work is still not enough.Therefore,this subject will still be one of the key topics in our accounting and management fields in the future.XT is the first gem company to be delisted,it is also the first company in China's capital market to be delisted because of fraud.As a classic example in capital markets,the case is representative and cautionaryThis paper takes the research results of Chinese and foreign scholars as the basic theory of the article,adopts the analysis method of combining the theoretical basis with the practical cases,and analyzes the process of XT Accounting fraud case from the beginning to the end Firstly,the article briefly introduces the basic situation,industry environment,fraud situation and punishment result of XT Company.Secondly,the article analyzes the accounting fraud means of XT Company.In the end,combined with the actual cases,colleagues aimed at the four factors of accounting fraud GONE theory,and then took the accounting fraud GONE theory as the guidance theory to explain in detail the accounting fraud motivation of the company.A number of suggestions are put forward for reference to relevant parties such as enterprises and regulatory agencies of intermediaries,including the personal moral quality of the senior level of the enterprise,the perfection of the internal regulatory mechanism and the eXTernal audit mechanism of the enterprise,strengthening the enterprise supervision and supervision of the start up board,and then strengthening the punishment of fraud.Efforts and other aspects of the recommendations,in order to avoid the frequent occurrence of such scandals.