| Since the establishment of the Shanghai Stock Exchange and the Shenzhen Stock Exchange in 1990,China’s capital market has continued to develop and has become an important part of the socialist market economy system with Chinese characteristics.However,behind the prosperity and development,there are widespread financial report frauds.As the public accounting information,financial statements are an important channel for the majority of report users to understand the company’s financial status,operating results and cash flow.Therefore,financial fraud has greatly damaged the interests of the majority of report users,and it is also not conducive to the healthy long-term development of the enterprise itself and the capital market..Against this background,the Securities and Futures Commission found that KDX’s total false increase in profits from 2015 to 2018 reached 11.9 billion yuan,which is the most among China’s A shares.And there is a non-operating non-disclosure of the controlling shareholder in the annual report.Related party transactions of occupied funds and use of raised funds,as well as failure to disclose related party guarantees for controlling shareholders in a timely manner.KDX’s financial fraud case has a long duration,huge amount of money involved,extremely bad means,and particularly serious violations.Therefore,this article takes Kant’s new financial fraud case as a typical case,analyzes the causes of fraud,and starts from public data such as financial statements,relevant announcements and penalty decisions of the Securities Regulatory Commission in the past years,and reversely searches for financial data clues for its fraud.To help investors make scientific and reasonable investment decisions,improve the accuracy of creditors’ security assessments on creditors’ rights,and at the same time help listed companies optimize corporate governance systems and regulatory authorities to strengthen regulatory mechanisms,and promote the healthy and long-term development of listed companies and China’s capital market.The contents of each part of this thesis are as follows:The first part is an introduction,expounding the research background and significance of the thesis,combing the relevant research reviews,introducing the research content,research methods,innovation and contributions.The second part is the definition and theoretical basis of the concept.First,the concept of financial fraud is defined,then several classic fraud motivation theories are introduced,and finally,this thesis selects the fraud triangle theory to analyze the reasons for KDX’s financial fraud motivation.The third part of the case background,first introduced the overview of KDX,and then introduced the KDX financial fraud case from the aspects of incident,fraud facts and punishment results.The fourth part is the motivation analysis and fraud prejudgment based on the triangle theory of fraud.According to the financial report fraud risk factors prompted by the fraud triangle theory,the motivation of KDX’s financial fraud is analyzed from three aspects:pressure,opportunity and excuse.Summarize the clues of the reason for anticipating fraud.The fifth part is the analysis of financial indicator clues and fraud prejudgment of fraud facts.Starting from KDX’s three fraud facts,it reversely looks for anomalous information from public materials such as financial statements,company related announcements and CSRC administrative penalty decisions.To summarize clues about financial indicators that prejudge fraud.The sixth part is the research conclusion,summarizes the main conclusions and points out the limitations of this thesis,and makes the prospect of future research.The innovation and contribution of this thesis lies in the in-depth analysis of the typical case "KDX",from the company’s financial statements and related announcements and other public information to explore its financial fraud clues,from the motivation and financial indicators to explore specific fraud incidents and the relationship between the anomalies in the financial report information and the information prompts that identified financial fraud were found.A pre-judgment index system for financial fraud combining the clues of motivation and financial indicators has been formed,which provides a basis for the identification of similar fraud cases in the future and broadens the scope of application of fraud identification models.It can actually help the majority of report users to improve the ability to identify the quality of financial statements,so that before the company is not exposed to fraud scandals,report users can use the motivations and financial indicators found in this article The clues discover and correct the financial fraud of the enterprise in time to reduce the harm of financial fraud. |
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