Analysis On The Causes Of Management Fraud And Preventive Countermeasures In Listed Companies

Since the end of the 20 th century,financial fraud cases have been frequently staged in China,and they have been exposed one after another.Even though the number of frauds in this century has decreased compared with the last century,the phenomenon of fraud has become increasingly fierce.As a special listed entity,listed companies often have a wide range of violations and are accompanied by more serious results.This is not only the violation of the relevant economic interests of internal and external stakeholders of listed companies,but even the order and ethos of the securities market will be disrupted.It is an act that violates the principle of good faith to fabricate financial and non-financial data that does not match the company's actual business conditions.These misconducts can cause abnormal stock price fluctuations.Through the analysis of the above-mentioned misconducts such as financial infringement listed companies in China,it can be found that the management of listed companies often plays an important role in these behaviors.Their means are diversified,and careful planning makes the fraud in the company's management participation.General fraud is more difficult to detect and spreads more widely.For such management fraud,what factors behind the form of its formation have led to management's willingness to violate legal ethics and conduct fraud,and how to better prevent the occurrence of management fraud,are important concerns of academic circles on the management of fraud.point.Based on the above-mentioned status quo,in order to prevent the spread of management fraud in China's listed companies in the securities market,we must pay attention to it,find the fraud methods used,deeply analyze the reasons behind this series of misconduct,and then explore the strong universality.Operational preventive measures to ensure the smooth and safe operation of China's economic market and achieve a healthier and more sustainable development.Foreign scholars have started research on management fraud earlier than domestic scholars,and China's research on the prevention and governance of management fraud is not far-reaching and thorough.In view of the differences in political systems,laws and regulations and economic systems between China and foreign countries,domestic scholars must consider these particularities when conducting research on management fraud of listed companies.Based on China's basic national conditions,considering the actual situation,we should not just borrow from foreign countries.Experience results.The literature research method and the case analysis method are currently the mainstream research methods.In order to better understand the existing research results on management fraud,this paper uses the literature research method to analyze the research status of the causes and prevention of management fraud by Chinese and foreign scholars,and deepen their thinking and analysis as a thesis writing.Part of the theoretical research basis;in addition to the theoretical explanation,the case study method was also adopted,and the management fraud incident of Shenji Group Kunming Machine Tool Co.,Ltd.from 2013 to 2015 was selected as the research object,according to the Kunming Machine Tool Co.,Ltd.of Shenji Group.The company's situation and fraudulent means,using the classic fraud triangle theory to analyze the causes of management fraud of Shenji Group Kunming Machine Tool Co.,Ltd.,and finally put forward corresponding treatment suggestions,thus forming the main body of the article.I hope to provide useful information in regulating the company's operation and sustainable development and maintaining the stable development of the securities market.The article is mainly composed of six main components.The first part introduces the research background and significance of the article,the related literatures on the causes and prevention of fraud,the research ideas and methods,and the analysis framework of this paper.The research results on management fraud at home and abroad are reviewed.According to the causes and precautions of management fraud,they are summarized and summarized.Based on the integration of previous research results,they are briefly reviewed to provide a theoretical basis for the case analysis.The second part is an overview of the related theories of management fraud.It mainly introduces the related meanings of management fraud.It first explains the related concepts of fraud and management fraud,and then points out four pre-conspiracy,concealment,harmful and utilitarian.The main characteristics,then introduced the four main manifestations of management fraud and five typical causes,and finally introduced the three important theories related to fraud management,such as fraud triangle theory,principal-agent theory and stakeholder theory.The third part is the analysis of fraud cases.It mainly introduces the management fraud incident of Shenji Group Kunming Machine Tool Co.,Ltd.Firstly,it introduces its historical evolution,ownership structure and industry situation,and then analyzes its management fraud in detail.The main means of the class,and finally from the management and business operations,investors,corporate reputation and other stakeholders,summarized some of the main impact of management fraud.The fourth part analyzes the causes of management fraud.It analyzes the portals from the three perspectives of stress,opportunity and excuses in the theory of fraud triangle,and lays a foundation for the prevention countermeasures of listed companies in managing fraud.The fifth part is the countermeasures suggestion,and puts forward corresponding suggestions for the analysis of the upper part of the cause,and proposes preventive measures from the aspects of reducing the risk of management fraud,eradicating internal fraud,external opportunities and eliminating management excuses.The sixth part is the conclusion part,and the whole text is sorted out.