A Case Study On The Financial Fraud Of The HLX Company Limited

In recent years, some listed companies broke the harsh nature of the financial fraud incidents. Despite the false way and content of each different, but without exception, are caused by the consequences. For enterprises,although the benefits and status in the short term,but in the long run,this behavior is bound by regulators found that the effect of corporate image and long-term gains. For investors, by the interests of infringement behavior will lose their confidence in investment. For the capital market, the behavior of disturbing the order of the capital market, the normal shaken the foundation of development. Therefore, to explore the methods and contents of the listed company's financial fraud, analysis The motive and cause of the financial fraud of the city company and the countermeasures to reduce the financial fraud events have important practical significance in maintaining the corporate image, promoting the healthy development of the capital market and protecting the interests of investors.Under this background, take the HLX Limited by Share Ltd as a case, starting from the introduction of the concept of financial fraud theory, motivation theory and HLX fraud combined whole case, analyzes the cause of HLX fraud, find countermeasures to solve the problem and finally gives such cases of fraud. In this paper,a case study from the following four. The first part is the introduction. It mainly introduces the research background, purpose, significance and research contents and methods. The second part is the case description. This paper mainly introduced the situation of HLX company,reviews the process of HLX financial fraud incidents. The third part is the case The analysis of financial fraud. This paper mainly introduces the related theories, such as the 3C model theory and GONE theory. Then the case adjust the financial statements of the project and HLX data analysis,financial fraud analysis reveals its impact. Combined with the theory of financial fraud causes HLX to carry on the analysis, the factors which contribute to financial HLX fraud, such as interest, vanity driven, internal governance structure imbalance, the development strategy is not reasonable. The fourth part is the countermeasures and suggestions. According to the main factors of HLX financial fraud and put forward the corresponding countermeasures and suggestions.Through study on HLX financial fraud case,it causes financial fraud to enterprises,and puts forward some countermeasures, provide a reference for other enterprises, reduce the probability of corporate financial fraud, to help the healthy development of enterprises.