Case Study On Financial Fraud Of Kangmei Pharmaceutical Co.,Ltd

This article draws inspiration from the punishment documents for accounting fraud listed by the Securities and Futures Commission in recent years.The financial fraud cases of Kangmei Pharmaceutical have a huge amount of financial fraud,and the author has an in-depth analysis of its impact on society.With the continuous expansion of China's financial market and the frequent occurrence of financial fraud cases,it is of practical significance to study accounting fraud cases.After meeting the low-level need for food and clothing,in recent years people have been pursuing a higher-quality healthy life,and more and more attention has been paid to epidemic prevention,health care,and medical services.Therefore,the regularity of the pharmaceutical industry,food and drug safety,and quality of traditional Chinese medicine decoction pieces and devices have become The focus of attention from all walks of life.In recent years,Kangmei Pharmaceutical,Kangdexin,Furen Pharmaceutical,Longevity Fake Vaccine and other major financial fraud cases have been exposed and have aroused widespread concern from all walks of life.The case analysis of the major financial fraud cases in the Chinese medicine industry is of practical significance.First of all,the background,significance,content,and methods of the research are introduced,and then the classic theories abroad and the current status of research at home and abroad are reviewed,laying a foundation for the supplementary research later.In order to better study the financial fraud case of Kangmei Pharmaceutical,this article summarizes the common methods of financial fraud cases investigated and dealt with in recent years and compares this case with this case.The next step is to specifically analyze the operating conditions of Kangmei Pharmaceutical Company,the motivation of financial fraud and its enlightenment.In order to establish a better logical relationship,the author retrospectively analyzed the development history of Kangmei Pharmaceutical since its establishment,and found many doubts during its rapid expansion,with huge signs of financial fraud and motivation.Then it briefly introduces the development history of kangmei pharmaceutical co.,ltd.and expoundsthe course and current situation of its case being exposed.According to the punishment document issued by the China securities regulatory commission,his paper analyzes a variety of means for kangmei pharmaceutical to fabricate one by one.In order to establish a better logical relationship,the author retrospectively analyzed the development process of kangmei pharmaceutical since its establishment.In the process of its rapid expansion,it found many suspicious points,huge signs of financial fraud and motivation.The next step is to analyze the motivation of fraud by focusing on the means and background of fraud.Combined with the four factors commonly used at home and abroad,it is divided into four causes: greed,opportunity,need and exposure to analyze the truth behind the fraud.Next,I will give prevention Suggestions based on the causes of the problem,and give practical measures from the four vertical perspectives of greed,opportunity,need and exposure in the GONE factor theory.In addition,this paper gives some inspirations to different users of financial statements,such as certified public accountants,senior managers,securities market investors,and supervisors of China securities regulatory commission.Finally,it is concluded that for the financial fraud case of Kangmei Pharmaceutical Co.,Ltd.,it is urgent for the supervisory authorities to increase punishment,executives of listed companies strengthen internal control,and the majority of small and medium investors establish awareness of investment risks.This study has enriched China's accounting The research database of fraud cases has deterred companies and individuals attempting to violate the law,alerting securities market investors from all walks of life,urging law enforcement supervisors to abide by their duties,dispel the idea of government officials attempting to accept bribes,and build a legal partnership.Regulatory capital markets make a positive contribution.