Listed Companies' Financial Accounting Report Fraud Means And Cause Analysis

In the past 10 years, China's securities market has made rapid development. According to official website of China Securities Regulatory Commission, as of February 2009, our country has more than 1600 listed companies, China's stock market from scratch, and move in a smooth and rapid direction. However, this rapid growth is also behind the phenomenon revealed many problems, including the more serious a phenomenon is the financial and accounting reports of fraud, from the early wilderness of shares, to Joan China source, Guangxia, Zhengbaiwen, Lam Tin shares, Kelon Electrical, EMC trust, Minyue Huadiao, Jiarui of new material and a series of financial and accounting reporting fraud can be described as one after another.Listed company's management as a special group, they are financial accounting reports of fraud "leading role", they have the right to information, and the company disclosed information also includes the management of the subjective consciousness of the society,It will have a significant impact. When the listed company have the right to information management, lack of effective constraint or, under certain conditions, the financial and accounting reports very prone to fraud. According to statistics, from 2002 to 2006 five-year period, China's Securities Regulatory Commission notice under penalty of listed companies, there are 680 management has been warned, informed criticism, fines and other penalties for different degrees.This paper is divided into six chapters, each chapter mainly as follows:Chapter I is introduction. Begins by describing the research background, research questions raised, and to explore the financial accounting reports of fraud against, means and reasons for their formation, so that investors understand the investment value of listed companies to make the right investment decisions. Secondly, from the management perspective, this paper put forward ideas and methods:The standard combination of research and empirical research. Among them, a means of financial accounting reports of fraud, financial accounting reports the causes of internal fraud in the interests of managers with standardized study the causes of fraud in the financial accounting reports and managers in the financial burden of the external environment in which, using empirical research methods.Chapter II is theoretical analysis and literature review. First, according to the latest financial and accounting reports of the State Council regulations and new guidelines on what is the financial and accounting reports are described, combined with the definition of fraud led to the concept of financial and accounting reports of fraud, its a similar concept (the accounting fraud, earnings management) are described, respectively. Secondly, foreign-related theories of fraud reviewed, comparing the main there are four representative fraud theory:triangular theory, iceberg theory, Gone theory and the theory of fraud risk factors. This article also reports on the financial accounting fraud at home and abroad on the causes of the literature are summarized and put forward their own views, which leads to the focus of this paper argues.Chapter III isthe financial accounting reports of listed companies means of fraud. Normative analysis using a description of the current financial and accounting reports of listed companies in various forms and means of fraud.Chapter IV is financial accounting reports of listed companies Causes of fraud. This chapter is focused on the content of normative arguments, but also empirical research hypothesis proposed in this paper based on a detailed analysis of this part of the financial accounting reports of listed companies of fraud causes, from the management point of view caused by the manager of financial accounting report is divided into internal and external fraud.Chapter V is Chinese listed company's financial accounting reports of fraud causes on empirical research. This chapter financial reports of listed companies in the fraud cause of internal factors and external factors in a number of indicators were selected for quantitative analysis. The manager of internal factors and external factors, financial pressure in the internal governance structure of listed companies to select a number of indicators, these indicators using Stata software T test and Logistic regression test to prove the conclusions of qualitative research.Chapter VI is the conclusion of the study, policy recommendations and research limitations, through the IV and V of the financial accounting statements of listed companies of fraud causes on normative arguments and empirical analysis, come to this conclusion:listed companies in China on accounting reports of fraud the main reason is the financial pressure, the internal governance structure of the defect.There are two main contributions of this article:First, this definition of financial accounting reports of fraud.The real fraud people are the company's senior managers, the victims are large investors, creditors and the Government. In this paper, analysis of financial accounting reports of fraud is carried out by management as an entry point to analyze company's senior managers of financial accounting reports the means and causes of fraud.Second, from the empirical analysis section of view, the selected samples and indicators are more comprehensive than ever before. This article uses the 2003 to 2008 the Commission published case of listed companies in violation of the most recent data, using 2002 to 2008 related to the company's 20 indicators.The sample of the major shortcomings is the lack of contents on fraud, fraud causes, quantified targets to be further investigation, the macroeconomic environment remains to be further studied.This paper also proposed a follow-up Outlook:the Shenzhen Stock Exchange, Shanghai Stock Exchange, Ministry of Finance and other departments to deal with corrupt companies to address them and to be considered separately, Be made in future financial reports of listed companies on the new empirical comparison before and after implementation of the guidelines, Which will come to a more constructive conclusion.