Research On Financial Fraud And Related Countermeasure Of Related Transactions Of Listed Companies

In recent years,between the listed companies and other enterprises between the purchase and sale of goods,mergers and acquisitions and equity investment in the business of the scale and frequency of far more than before,between enterprises constitute an increasingly complex relationship between the network.In view of the relationship between the relationship itself has a more subtle characteristics of the means of related transactions are also complex and diverse,therefore,the association between the transaction trade fraud is difficult to be found and reviewed by the outside world,leading to some listed companies through deliberately concealed or fictitious related transactions and other illegal means,To transfer or inflate the enterprise profit,in order to achieve the purpose of whitewashing or tax evasion and other illegal purposes,the hidden and complex characteristics of related transactions make it a financial fraud for listed companies to provide a hotbed.For investors,with the accelerated process of listing,the SFC is studying the introduction of a reasonable delisting mechanism of listed companies,which also means that the traditional sense of the listed company "shell" resource market value gradually weakened,therefore,the securities market Of the investors also on the listed companies a variety of financial fraud behavior tolerance gradually reduced.It is noteworthy that the listed companies related to financial transactions related to financial transactions frequently occur,but also aroused the attention of regulators.On the one hand,with the SFC is promoting the IPO registration system reform,the progress of the IPO review of the progress and efficiency of the supervision of the behavior of listed companies from the "approval of the audit system" to raise the listing threshold to "And more and more emphasis on the audit institutions as the information review of the intermediary agencies for the supervision of the behavior of listed companies.On the other hand also began to standardize and improve the listed company's related party transactions supervision system to enhance the listed company's related party transaction information disclosure quality,strengthen the listed company related party transactions fraud and punishment.From the perspective of CPA,on the one hand,in view of the high degree of covertity of related party transactions,if the listed companies do not take the initiative to disclose relevant information about their related parties and related transactions,it is difficult for the auditors to carry out the simple audit procedure Behavior,so the CPA should be in the process of related party transactions to maintain a high degree of professional prudence to identify listed companies related party transactions,the fraud risk control at an acceptable low level.On the other hand,due to the complex and diverse means of related transactions,the auditors should design and implement specialized auditing procedures for different business types of enterprises and different forms of related transactions,taking into account the audit costs.To sum up,in view of the listed companies in recent years,related party transactions fraud frequently,the means of related transactions hidden and complex,and most of the related party transactions,including listed companies themselves,auditors,securities investors and regulators,including multiple Stakeholders.Therefore,the CPA must maintain a high degree of professional prudence in the process of conducting the related transaction of the related transaction,and formulate the specialized audit strategies and procedures to identify and examine the corrupt behavior of the related party transactions in the listed company and reduce the association The audit risk of the transaction.