P Company Currency Funds Fraud Case Analysis

Currency funds are an important part of the assets of the enterprise, is also themost liquid, most likely to the misappropriation of assets. If an enterprise moneyfunds fraud, not only the loss of the enterprise itself and the interests of informationusers said, go deeper, false accounting information, will also lead to mistakes in thegovernment’s macro-control, affect the normal development of social and economicorder. Regardless of the amount of the fraud cases involving large and small, it isserious and must be strictly treated. Fraud exists, there is a weak point of control link,if you can not be stopped for the first time, it will spread rapidly, which will bringdisastrous consequences.Start from P monetary funds fraud cases, showing the reader through the entireprocess of the case description, fraud implement a fraud. Means and methods throughthe analysis of the case, to reveal all kinds of fraud cases are quietly expandingimplementation of fraud has become more hidden, raised the importance ofstrengthening internal control, to the term business leaders attach importance tointernal control, and promote the internal control the establishment andimplementation of the system.This paper is divided into five parts:The first part of the first case the enterprise’s industry and businesscharacteristics, including enterprise organizational structure, job setting, and thenanalysis the importance of the Money Control, illegal and irresponsible acts of fraudnot only affected the company’s cash flow, so that enterprises lack the normal mayuse funds, false accounting information will influence decision-makers to determinethe actual operational status, the need to strengthen the monetary funds or even the entire enterprise internal control, to improve their management level, good internalcontrol is the urgent priorities in the actual operation of enterprises.The second part of the use of the fraud triangle theory fraud theoreticalarguments, from motives of fraud, fraud, fraud excuse three aspects of analysis,including opportunity analysis part of a combination of internal control theory andpracticalelaborate internal control theory, including the concept of internal controlobjectives, basic assumptions, the basic principles, the basic content of several waysto analyze the characteristics of our current enterprise fund fraud, a common corruptconduct, the fraud causes, using the theory and practicethe combination offoreshadowing the theory behind the presentation of the case.The third part of the P monetary funds fraud process is described in detail, firstintroduced the background of the P company for fraud, followed by theimplementation of fraud is fraud by the way and the path, the last is the relevantpersonnel to conceal fraud means.The fourth part of the audit approach. First Mautz and Sharaf audit theory andinternational accounting standards, audit evidence, to do an overview of the auditevidence theory, followed by the description of the case of the audit process andcollect evidence.The fifth part is to reveal the revelation of the fraud cases to bring readers againcombined with the fraud triangle theory, respectively analyze how to make from threeaspects reduce bad motives to curb the implementation of the opportunity to eliminatefraud an excuse to reduce the probability of fraud occurring, thus controllingenterprise risk, help auditors to ensure audit results, strengthen enterprises currencyfund management, to achieve the purpose of safeguarding national financial law.