Study On The Listed Company Financial Fraud And Countermeasures

Since the 21st century, Chinese capital market obtained the rapid development, and the scale of the listed company is gradually expanding. But the financial fraud case in securities markets are still emerge in endlessly, and the trend is extending, such as Yin Guang Xia financial fraud case in previous year, and the Wan Fu Sheng Ke case which ever shocked all over the country in 2013. The occurrence of these cases makes the information disclosure of the capital market lie in the crisis of confidence.First of all, this paper briefly introduced the thesis research background, purpose and research significance. At the same time, with the research results of accounting scholars at home and abroad, the paper introduces the basic theory of financial fraud. Secondly, based on the fraud triangle theory, I research the financial fraud causes of our country domestic, and then explore the breakthrough to prevent fraud in advance. At the same time, this paper takes the data from the SFC website which gives administrative punishment to the fraud companies since 2007. I research the year distribution of fraud cases and the change trend of fraud means. From 69 fraud companies in this paper, the 30 samples were selected as the representative, in accordance with the standard,I select 30 control samples at the same time, according to the results of the motivation analysis for fraud and fraud means, and from the enterprise financial position, profit ability, and the quality of profit, assets structure and internal governance structure aspects. I extract 13 financial indicators and non-financial indicators and do T test to the samples by SPSS16.0. We conclude that sales on cash flow ratio, inventory turnover ratio and other receivables on current assets ratio have significant difference. With these three indicators we build the model and test the model recognition success rate as high as 80%. Finally, in this paper,I conclude three measures to control fraud cases, such as perfecting corporate governance structure, improving the accounting standards and the accounting information, establishing and improving the external supervision mechanism, and put forward some preventive measures.