The Research On High-tech Enterprises Financial Fraud Early-Warning

Financial reporting is the media to convey information outside.It is not only the need of communication between the enterprise itself and the outside world,but also the requirements of the government,the regulators and other interested parties.And the financial fraud transmission with flaws or even fictional information will mislead the information user,as a result information users will make the wrong decisions and suffered heavy losses which will seriously disrupt the economic order.High-technology enterprises with high business risk and financial risk are facing to relatively high financial fraud motivation and pressure.According to financial fraud cases in recent years,high-tech enterprises has been the high risk region of management financial fraud,such as Hunan Wanfu financial fraud,Yunnan Lvdadi financial fraud and Guangdong Xindadi financial fraud.However,the research on the early-warning of the financial fraud of high-tech enterprises is relatively small.This paper uses normative research,empirical research,case studies and statistical analysis method,trying to find means of fraud in high technology enterprise management financial fraud preference.Then we will put forward warning index system for the high and new technology enterprise financial fraud and create a model to quantity financial fraud risk.This research will help to solve the problem of allocation of resources in China's high-tech enterprise management financial fraud audit and supervision work,and to improve work efficiency.The research findings of this paper are as follows:(1)The violation disclosure of accounting information and financial fraud are two main types of China's high technology enterprise financial fraud,and management prefer to accounting information disclosure violations to a certain extent.(2)For financial fraud,compared with other methods,our country's high and new technology enterprises have obvious preference for fictitious income.(3)The management are obviously preferred to fictitious transactions,because they will get systematic proportion of high income,cost and profit.(4)In the form of fraud,the management obviously prefers to write down the financial expenses.(5)In the form of increasing assets,the management of high tech enterprises significantly prefer to increase the fixed assets.(6)The collusion fraud with related party is an important means of management fraud.(7)The asset quality index,the asset liability ratio and the receivable turnover rate have a significant effect on the early warning of the high tech enterprises financial fraud.Also based on the research of fraud signal system we create the high-tech enterprise financial fraud risk model,to enrich our country t financial fraud warning theory in a certain extent,and help to optimize the allocation of resources in audit and supervision work.