A Case Study About Financial Fraud Of *ST Sunlight Based On GONE Theory

With the rapid development of the economy,more and more companies are raising funds in the securities market to meet their own operations and financing needs.Many fraud companies use fictitious transactions,false profits and other fraudulent means to whitewash performance,disclose false information,and illegally finance money in the capital market.In recent years,with the development of market structure and trading technology,the company’s fraud methods have been characterized by concealment,complexity and continuous innovation,which have caused losses to the capital market,the company’s development and even the majority of investors.In order to prevent corporate fraud,our government regulatory authorities have been working hard to strictly monitor the securities market,maintain.Scholars at home and abroad have also conducted a lot of systematic research on the financial fraud problems of listed companies,and have achieved remarkable research results,but the financial fraud incidents of listed companies are still endless.Therefore,research on financial fraud-related issues is academic.Both the world and the real world are of great significance.In this case,the company involved in the case faced the risk of special treatment.The company’s fraudulent means were extremely concealed,and the credibility of the government and the courts was used to reduce fraud.In this case,there was an innovation in its fraudulent means.*ST Sunlight fictionalized the business by means of capital circulationand the actor further used the court judgment as an endorsement of financial fraud,and confirmed the liquidated damages as non-operating.In addition,the company involved also sought help from local governments to make financial fraud by changing the form of fictional subsidies.In the end,the fraudulent entity realized a meager profit by using the above means to increase the income by 20 million yuan,temporarily avoiding the special treatment of the company’s stock.After reading the literature on fraud-related literature,based on the classic fraud motivation theory of GONE,the author deeply explores the causes and fraudulent methods of financial fraud in *ST Sunlight.This paper mainly gives a overview of the case process and the punishment results,laying the foundation for the subsequent fraud and motivation analysis.The core part of the article is the motivation analysis of corporate fraud cases.This part combines the methods of corporate fraud,governance status and market supervision.From the greed factor,demand factor,opportunity factor and exposure factor in GONE theory.To analyze the motives and reasons of the financial fraud of the company,and analyze how the fraud factor acts on the parties.In the last part,based on the GONE theory,combined with the motives and reasons of the fraudulent company’s fraud,it provides suggestions for the listed company represented by *ST Sunlight to curb financial fraud,and checks the company for fraud and related government supervision departments.Provide certain methods and references for monitoring and managing financial fraud.After the analysis and research of this case,it is concluded that governance and prevention of corporate fraud should strengthen the construction of corporate employees’ integrity and morality,reduce the chances of fraud,eliminate the bad needs of listed companies,improve the fraud detection and punishment mechanism,and increase supervision and management punishment.