Jinya Technology IPO Fraud Method And Governance Research

China's securities market started at the end of the 20th century and has a history of 30 years.At present,China has established trading markets such as main board,gEM,and small and medium-sized board.Listed financing is an efficient way to achieve effective allocation of market capital elements.With the rapid growth of the global economy,the scale of business has gradually expanded,and the financing needs of more enterprises have increased.The funds raised through IPO listing development and operation have become the best choice for enterprises.With the increasing number of companies applying for IPOs entering the market,the problem of financial fraud to meet IPO listing requirements has become more frequent.The true and complete financial information of the enterprise is the key for the investor to understand the situation of the enterprise and decide whether to invest.The false IPO financial information will cause the investors who are weak in information to make wrong judgments,thereby damaging the interests of investors and at the same time damaging the capital.The role of the market capital allocation function.How to identify the signs of corporate financial fraud in IPO materials,how to punish enterprises that violate laws and regulations,how to reduce the fraudulent behavior of corporate IPO applications,is particularly important in the stage of China's securities market from the approval system to the registration system.This article selects Jinya Technology,which has been listed on the GEM for nine years through IPO fraud,as an example,and conducted an in-depth analysis of its financial fraud on IPO listing.First of all,the reasons for the IPO fraud of Jinya Technology are explained.The main reasons are the intensified competition in the industry.The market is facing the pressure of transformation,the equity of the company is too concentrated,the internal control has not played a role,and the market supervision system is imperfect;Secondly,based on the information and financial statements disclosed in the company's prospectus,the paper analyzes the means of fraud,and finds that the company increases the income by fictitious accounts receivable and other receivables,thereby increasing profits,and then by inflating inventory,Monetary funds,fixed assets,intangible assets,etc.consume inflated income,in addition to using framework agreements,splitting businesses and inflating software products to obtain tax incentives,forging financial ticket certificates,forging customer seals,bank receipts,etc;Finally,according to the causes and fraudulent behaviors of Jinya Science and Technology IPO fraud,the corresponding governance suggestions are put forward from three aspects:enhancing enterprise competitiveness,optimizing enterprise shareholding structure and perfecting enterprise information disclosure system.This paper selects the typical case of IPO financial fraud,comprehensively analyzes the means of IPO financial fraud,proposes reasonable governance measures,and hopes to have constructive reference significance in the construction of IPO financial fraud related system.