The Analysis And Governance For Financial Fraud Of Listed Company Based On GONE Theory

Recent years,with the progress of the entire society,many enterprises have also ushered in rapid development,but many problems have also come with them.Among them,the use of financial fraud for private gain has become an urgent problem.For a company,financial fraud can bring huge profits in a short period of time and obtain benefits that the company cannot temporarily obtain through normal operations.However,in the long run,companies will inevitably attract the attention of various regulatory agencies,which will bring many adverse effects to the company and may even cause the company to risk bankruptcy.For the majority of investors,financial fraud by the company violates their interests and reduces their investment enthusiasm.Relative to the entire securities market,a fair and just good order in the market will also be undermined by financial fraud.Corporate financial fraud will have a bad impact on the whole society.Therefore,how to quickly and timely detect and prevent corporate financial fraud has become an urgent and realistic issue.In this research background,this paper combines theory with case study.Taking JY company financial fraud case as an example,this paper analyzes the background of JY company financial fraud Based on GONE’s fraud motivation theory,this paper takes greed,opportunity,demand and exposure factors as the starting point,discusses and analyzes the causes of JY company ’s financial fraud in detail,and puts forward the methods to prevent the financial fraud of enterprises,so as to lay a solid foundation for discovering and preventing the financial fraud of enterprises in the future.This paper not only lists the methods of financial falsification of JY company,but also analyzes the causes of fraud based on the theory of GONE.From the perspective of greedy factor,the main reason is that the major shareholders use power for personal gain.From the perspective of opportunity factors,the main reason is that the internal equity structure of JY company is unreasonable,which leads to the failure of internal control system to play an effective role.From the need factor analysis,it is mainly because JY company’s performance has been poor for many years and its transformation has failed,accompanied by the problem of delisting.From the analysis of exposure factors,it is mainly because the external supervision does not play an effective role,mainly market supervision departments and external audit institutions,and it is found that the low degree of post punishment is also the main reason.The whole financial fraud is produced under the interaction of many reasons.In the face of more and more hidden and complex financial fraud,on the basis of GONE theory,this paper gives some suggestions to prevent financial fraud: improve the moral level of enterprise managers,improve the resistance to greed;reduce the opportunity of financial fraud by developing a more complete internal control system of enterprises and ensuring the independence of regulatory agencies;and improve the efficiency of financial fraud We should be good at financing methods and build correct financing capital concept for enterprise managers to reduce their bad demand;we should enhance the risk of fraud exposure by promoting the development of various domestic regulatory forces and increasing the punishment of financial fraud.