Research On Financial Fraud Of Blue Mountain Technology From The Perspective Of Corporate Governance

With the continuous development of economy and society,China’s capital market is facing unprecedented opportunities.In the past 30 years,in order to improve the contribution of capital market development and narrow the gap,developed countries have reserved support for the development of capital market,such as expanding financing enterprises and expanding the investment space of investors.But any development is a double-edged sword.In the process of expansion and development of continuous market,some new problems have also appeared,such as unreasonable ownership structure of many enterprises,imperfect enterprise system,internal control problems,plus external market inspection,leading to a certain lag.Reduce the financial fraud of listed enterprises.In 2021,the exposure of financial fraud of Blue Mountain Technology not only seriously damaged investors’ confidence and interests,but also exposed many problems existing in China’s listed companies,which seriously hindered the development of China’s capital market.Therefore,it is meaningful to investigate the accounting fraud of Blue Mountain Technology in order to ensure the stability of the capital market.By analyzing the malformed triangle theory of Blue Mountain Technology,we find that opportunity factors can be combined with corporate governance.The internal reasons of corporate governance include unreasonable ownership structure,defects of corporate governance,fragility of internal control and so on.The reasons for the high level of external corporate governance include the lack of diligence and responsibility of intermediary institutions and the lack of supervision by regulatory authorities.In order to prevent the recurrence of financial fraud,more reasonable ownership structure should be set up to guarantee the independence of governance structure,optimize the supervision and audit effect of directors,establish and improve the internal control performance evaluation system and improve the executive selection mechanism;Externally,we should improve laws,strengthen government supervision over listed companies,strengthen management over accounting firms,and call on the public and the media to strengthen supervision over enterprises.Based on the situation of accounting falsification by Blue Mountain technology,this paper,through the reasons for accounting falsification by Blue Mountain technology,puts forward more possible opinions from the perspective of "fraud triangle model +corporate governance,to prevent risk financial fraud,the navigator of the capital market.