Fushun Special Steel Financial Fraud Case Study

Since the reform and opening up,with the continuous development of the economy,the development of China's securities market has been in the ascendant.However,the financial malpractice of listed companies happens constantly,which has a bad influence on the development of the securities market.Therefore,timely identification and prevention of corporate financial fraud,for the regulation of the securities market has important significance.This paper selects the financial fraud of fushun special steel as a classic case,focusing on the crazy fraud after the listing of the company.It is hoped that through the analysis of fushun special steel,targeted financial fraud identification methods and prevention Suggestions,to make a contribution to the purification of the securities market.This paper consists of the following six parts:The first part is the introduction.First,it briefly introduces the research background of financial fraud,and expounds the research significance of this paper from both theoretical and practical aspects.Secondly,the domestic and foreign financial fraud related literature comprehensive analysis and summary.Finally,it introduces the research contents and methods of this paper,lists the innovation points of this paper,and points out the shortcomings of this paper.The second part focuses on the theme of "motivation of financial fraud".Four main theories of financial fraud motivation are introduced in detail,and the reasons of case analysis based on fraud risk factor theory are explained.The third part introduces the basic situation of the case company,reviews the financial fraud case of fushun special steel and its punishment results,and finally introduces the four characteristics of the financial fraud case of fushun special steel,which are the very long time of fraud,many executives involved,obvious signs of fraud,typical means of fraud;The fourth part is the financial fraud case analysis of fushun special steel,which is also the main part of this paper.Among them,based on the fraud risk factor theory of fushun special steel financial fraud motivation analysis,is the focus of the analysis part;The fifth part,based on the motivation of financial fraud in fushun special steel,puts forward the corresponding countermeasures from three aspects:company,office and external supervision.The sixth part is the overall summary of this paper.This paper adopts the method of literature research and case study.The selected case is time-sensitive and the case is in a special industry.Through a comprehensive analysis of the fraud of fushun special steel,the fraud motivation is deeply explored,and on this basis,prevention and treatment Suggestions are put forward,which can serve as a warning to other enterprises in the industry and also contribute to the development of the securities market.