Case Study On Cross Border Financial Fraud Of Yabaite

With the continuous enhancement of China's comprehensive national strength,the capital market is becoming more and more mature,and the recognition of domestic and foreign investors for China's capital market is getting higher and higher,and the general public's attention to the whole market and investment sentiment are also very high.In particular,since China put forward the great initiative of "one belt and one road",more and more listed companies have been responding to the call of the state to go abroad and vigorously carry out overseas business.Meanwhile,they have sought cooperation from the countries along the route to show the elegant demeanour of our enterprises and embrace the global trade in actual action.At the same time,huge risks also exist.The disharmonious voice from the capital market not only seriously harms the vital interests of the majority of investors,but also causes a huge blow to the corporate image of our country.The stability of the whole capital market has been severely tested.At the central economic work conference held at the end of 2019,it was clearly stated that it is the first time to make continuous improvement of the delisting mechanism and improve the investment policy and service system of "one belt and one road".Jiangsu Yabaite Technology Co.,Ltd.(hereinafter referred to as Yabaite company)selected in this paper is the focus of the capital market recently.The amount involved in the cross-border financial fraud of Yabaite company is huge,the area involved is wide,the means of fraud is fierce,and the impact is terrible.It is such a case that the Ministry of foreign affairs is shocked to break the case It has great research value.In order to study the first cross-border financial fraud in China,this paper mainly adopts literature review,case analysis and comparative analysis.First of all,it reviews a wide range of materials and literature,focuses on the hot events and classic analysis of financial fraud at home and abroad,and combs out the motivation analysis,means analysis and governance analysis of financial fraud at home and abroad.Secondly,seek the embedding of relevant theories and practical cases,and focus on the classic"gone" theory to analyze the motivation of the financial fraud of Abbott company,so as to lay a solid theoretical basis for the article.Thirdly,through the reduction of the event process,comparative analysis of the related indicators of its financial statements,sorting out its financial fraud means through the internal and external statements,according to the "gone" theory from four elements of greed,opportunity,demand and exposure to sort out its financial fraud motivation.Then,combined with the greedy elements and opportunity elements of "gone" theory,the paper gives the preventive measures of cross-border financial fraud of listed companies,which are to strengthen the education of integrity for the management and financial personnel of enterprises,improve the internal governance environment of enterprises,improve the internal control system of enterprises and standardize the information disclosure system of enterprises.Finally,combined with the demand factors and exposure factors,this paper gives the supervision suggestions of cross-border financial fraud of listed enterprises,which are to improve the relevant system of cross-border supervision of listed enterprises,strengthen the supervision of audit institutions and deal with financial fraud strictly.