Research On The Motivations Means And Countermeasures Of Yudiamond Financial Fraud

Over the past decade,the number of listed companies caught for financial fraud has generally increased.Financial fraud leads to the destruction of China’s market economic order,and even hinders the benign operation and development of social economy.From the actual situation,information disclosure is not standard,false increase of assets,external circulation of funds are the means of financial fraud,identification and governance of financial fraud is helpful to standardize the financial behavior of listed companies.Therefore,this paper,starting from the case of Yudiamond financial fraud,through the analysis of financial fraud motivation and means identification,to prevent the financial fraud of listed companies to put forward countermeasures.First of all,the thesis combed the research on financial fraud at home and abroad,and determined the research ideas of financial fraud.After that,the paper takes Yu Diamond as the case study object,combs out the whole process of yu Diamond financial fraud case and financial fraud means,according to the analysis of financial fraud motivation,identification of financial fraud means,financial fraud methods to deal with the case study object into an in-depth discussion.After analysis,it is found that the company’s financial fraud has four main reasons described by GONE theory.Combined with M-Score financial fraud prediction model,enterprise financial statement analysis,disclosure information analysis and other methods,the company’s monetary capital,income,assets,related party transactions and other aspects of financial fraud are identified.It is pointed out that Yudiamond conducts financial fraud mainly by manipulating monetary funds,falsely increasing income,falsely increasing assets and related party transactions.On the basis of this,the paper expounds the specific governance measures for enterprise financial fraud.Yudiamond as a typical case of corporate financial fraud,its financial fraud motivation covers the driving force of many enterprises may appear financial fraud,the identification of its financial fraud method has universal,for its governance measures to control financial fraud has enlightenment.Therefore,this paper finally summarizes the reference and enlightenment of the case,and further explains the research results related to the control of corporate financial fraud.