| Bankruptcy liquidation is the last step for bankrupt enterprises to withdraw from the market.The implementation of fraud by bankrupt enterprises will further cause losses to stakeholders and disrupt the market order.At present,the research on fraud audit mostly focuses on general operating enterprises.Compared with general operating enterprises,whether the audit of bankruptcy liquidation enterprises will show different laws in terms of fraud means,purpose,motivation and so on is worth studying.Based on the basic theory of bankruptcy liquidation and the theory of fraud audit in bankruptcy liquidation,this paper adopts the case study method,selects ZS real estate company as a specific case to carry out research,discusses the means,purpose,motivation and other aspects of fraud audit of bankruptcy liquidation enterprises,and puts forward governance measures and optimization suggestions from the perspective of the bankruptcy administrator for the fraud behavior of bankruptcy liquidation enterprises.The research finds that in the fraud audit of bankruptcy liquidation Enterprises:first,in terms of fraud means audit,it tends to falsely reduce income and assets,falsely increase the recognition and identification of expenses,costs and liabilities,which is specifically reflected in the actual controller’s falsely reducing the company’s assets and income by misappropriating or misappropriating the company’s assets,transferring assets by using loan agreements,and selling assets at a low price;Falsely increase liabilities,costs and expenses through the transfer of claims and debts between related parties and the intentional use of accounting errors for accounting treatment.Second,as far as fraud purpose audit is concerned,it mainly refers to the confirmation and recognition of the false reduction of profits and net assets.Thirdly,as for the audit of fraud motivation,the internal governance structure is virtually nonexistent,providing an opportunity for the occurrence of fraud.The absolute control over the enterprise and its affiliated enterprises enables them to realize fraud and rationalize fraud under the pretext of saving the company and clarifying the relationship between creditor’s rights and debts.However,the most fundamental motivation for fraud is to maximize the interests of the actual controller and avoid bankruptcy.Fourthly,as far as fraud harm audit is concerned,it reveals the reduction of bankruptcy property caused by fraud and the loss of interests suffered by creditors,investors and other parties.Fifthly,in terms of fraud governance,the bankruptcy administrator takes measures from the aspects of audit methods and audit procedures to recover the bankruptcy property and protect the rights and interests of all parties.The main contributions of this paper are as follows: in theory,expand the application field of fraud audit theory,expand the fraud audit theory applied to general business enterprises to bankruptcy liquidation enterprises,and find out the different rules of fraud audit between bankruptcy liquidation enterprises and general business enterprises.In practice,the bankruptcy liquidation fraud audit theory is used to guide the work of the bankruptcy administrator,provide reference for them to encounter similar situations,and carry out more targeted governance and prevention of bankruptcy liquidation fraud. |
