The Study Of Financial Fraud Recognition And Governance Of The Neeq Market Listed Company

With the rapid development of China's economy,small and medium-sized enterprises keep growing in scale.In order to meet their financing needs,the state has opened up a third board market outside the main board and gem for their share transfer.As of December 2017,a total of 11,630 companies had been listed,marking the establishment of a national trading system.In the future,the new third board market will definitely target the nasdaq market and become an important gestation place for global growth enterprises.However,due to the establishment of China's new third board market based on its own national conditions,the lack of foreign guidance experience,coupled with the initial stage to pursue the market scale listing threshold is low,most enterprises lack of corporate governance,poor financial quality.Three years after the full capacity expansion,shenxianyuan became the first enterprise punished by CSRC for financial fraud,and then the new third board fraud repeatedly appeared.For the new third board market which is still groping for construction,financial fraud will undoubtedly hit the confidence of investors,and may even bring devastating blow to the market.Therefore,it is extremely urgent to prevent fraud in the new third board market.At present,Chinese scholars' research on fraud mainly focuses on the main board market,while the new third board pays more attention to listing system and information disclosure.Moreover,due to the differences in enterprise quality,financial indicators and listing requirements between the new third board and the main board market,the motivation and methods of fraudulent behaviors are bound to be different.Therefore,this paper chooses yindu media,the first innovative enterprise delisting from the new third board,as the research object.Combining with the same motivation and practice of fraud in the new third board fraud samples,this paper puts forward the identification method of early warning of its fraud,and summarizes the prevention countermeasures against financial fraud in the new third board.It is hoped that the study of this paper can provide references for regulators to curb financial fraud on the new third board,help stakeholders to identify fraud in advance,and improve the efficiency of resource allocation on the new third board.The method of combining theoretical analysis and case analysis is used.The theoretical part explains the listing system of the new third board and the overall characteristics of the new third board market,defines the definition of financial fraud and summarizes the basic theory.Through the first 2016 fraud by the end of 2018 all administrative punishment by the securities and futures commission fraud companies to sample statistics,summarized the new three board enterprise incentive for fraud and fraud method general characteristics,and from the relationship between accounting firms are proposed according to these characteristics,the affiliated party relations,ownership structure,financial data,such as early warning new three board the general method for fraud.The part of the case firstly introduces the basic situation and fraud methods of yindu media.Secondly,compare the financial data before and after fraud,and summarize the impact of fraud;Then,with the help of the fraud triangle theory,conduct an in-depth analysis of the causes of fraud in yindu media.For example,unreasonable internal governance,seeking financing based on fraud opportunities,excessive debt and improving business performance become the pressure of fraud.Finally,yindu media case is used to verify the general method of fraud identification.Through the combination of commonness of fraud samples and individuality of yindu media cases,this paper puts forward the countermeasures to improve the financial fraud of neeq from the perspective of fraud triangle.