The Research On Financial Fraud Of Our National Listed Companies

After the Enron Case,the financial fraud of the listed company is more and more activated all over the world. It makes a huge lose to many investors and financial information users. It also brings a big shock to the capital market.The fraudulent account scandals of the American WorldCom Inc, Xerox Corporation and the Health South caused the investors to suffer massive losses. The stock market has made a rapid progress since the stock exchange of our country was set up.But the revealing of the accounting information of our listed companies didn't look so good, and many financial fraud cases happened during the process . The disappearance of Guangxia, Qiongminyuan and Zhengbaiwen indicate a beginning. From then on Kelon Electrical, Galaxy Technology and Tianjin magnetic card, and other fraud cases occur frequently. The financial fraud of the listed company, not only brings great loss to investors, defeats investors'confidence, but also destroys the credit foundation of the stock market and challenges the principle of open, justice and fair, influences the important function of rational distribution and hinders the health of national economy. So how to overcome this problem radically is necessary and it is also an important question for our accounting researchers to study and research.Western accounting academics have achieved many results in the research of financial fraud, covering all fields, which is valuable for our country to prevent financial fraud.However, the research achievements are not concerned the legal economic and present environment of our country which has some limitations. In a word, the research on financial fraud must be basing on our country's specific conditions.The thesis takes the combination of normative analysis and case analysis as the researching method and explores financial fraud of our listed companies. Fristly,it lists the situation of the financial fraud of our listed companies and points out that the research on the listed companies has a very important practical significance. Secondly, it begins with the basic conception of financial fraud, then it points out the reasons why the financial fraud happened a lot and the ways of financial fraud.Thirdly,it takes Zhengbaiwen and Kelongdianqi cases as the typical examples, finding out the same points and their own characters on financial fraud through analyse. The thesi integrates the exsiting studys of financial fraud of administration further and points out how to administrate financial fraud from the internal structure and external structure. Finally , I propose to establish financial fraud risk reserve system to protect the interests of small investors , and they can still be properly compensated by financial fraud. It analyses necessity, feasibility , measures and disadvantages of establishing financial fraud risk reserve system in the fifth chapter. Financial fraud risk reserve system is the innovation ,focus and difficult . Since few people has researched this system ,the writing is a challenge for me.