A Study On Financial Fraud Motivation And Audit Measures Of Listed Companies Based On The Perspective Of Risk Factors

In recent decades,financial fraud cases in domestic and foreign capital markets have frequently exploded.Listed companies through financial fraud to deceive the public phenomenon repeatedly prohibited,and more intense.This kind of phenomenon not only impairs investors' confidence in the market,destroys the order of market economy,but also hinders the benign development of social economy.Therefore,prevention and management of financial fraud has become the most important focus.This article combines the theory with the practical case,through the reference,the domestic and foreign scholars about the financial fraud research results,using the fraud motivation theory of the most perfect development of the risk factor theory,Taking the financial fraud case of K company as an example,this paper excavates the means and motivation behind the financial fraud of the enterprise,and puts forward the concrete audit countermeasures to prevent and manage the financial fraud.First of all,this paper analyzes the financial fraud methods of K Company in detail,and points out that K Company mainly conducts financial fraud by means of false increase of revenue,reduction of expenses,dismissal of benefits and executive compensation,forgery of logistics,capital flow and single data flow,undercounting of inventory,etc.Secondly,from the angle of risk factor,this paper analyzes in detail the motivation of financial fraud in K Company from the aspects of moral character,motivation,opportunity,exposure possibility and degree of punishment.It is found that management's weak moral consciousness and bad moral behavior will lead to financial fraud in listed companies.The internal control situation is serious,the internal control system is ineffective,and independent directors do not seek for them in their positions.Politics,systematic collusion and fraud,weak supervision by accounting firms,and too light punishment are also the causes of financial fraud.Finally,according to the analysis of the causes of fraud,put forward the corresponding audit countermeasures.From the point of view of internal audit,this paper puts forward that the ethical audit of company should be regarded as the focus of internal audit,and the motivation of fraud should be suppressed by carrying out corporate risk management audit,and the chance of fraud should be reduced by keeping the independence of internal audit structure.Improve the professional ability to identify financial fraud and increase the possibility of financial fraud being detected;External audit perspective: requires certified public accountants to maintain a high degree of professional scepticism and make full use of Analysis procedures,specific procedures for "management over internal controls",compliance with professional ethics.In the past,most of the case studies on financial fraud used classic and earlier cases to study,and the countermeasures proposed were very broad.In this paper,the first batch of K companies which were delisted because of financial fraud in 2018 are more timely and representative,and put forward a more detailed plan,so it has a certain novelty and practicality.