Case Studies On Financial Frauds Of Listed Companies

In recent years,cases of financial fraud in quoted companies emerge one after another,which leads to economic losses of investors while damaging their confidence in capital markets as well.When it comes to the securities market,breaking the fair and justice would damage sustainable development state of national economy.As for companies,though they benefit from financial fraudulent means,the fraud would be exposed by regulators sooner or later,which would destroy the image of the enterprises or even cause bankruptcy.In recent years,Securities Regulatory Commission and other relevant regulators have come up with many preventive measures and governance policies,but it seems that they are not effective,since the number of such kinds of cases is still increasing.Based on the frequent cases of financial frauds,this article selects three of them for further research,which includes five parts as follows.The first chapter is the introduction,expounding the background,emphasis,innovations and shortcomings of the research.The second chapter is the literature review,introducing the research status in four ways,the financial fraud motivation,means,identification,and preventive measures.The third chapter is the theoretical basis of financial fraud research,mainly concerning the motivation,means,identification and preventive measures.The fourth chapter is case study,in which three cases,including Kangmei Pharmaceutical Co,Ltd,Gold Asia Technologyand Xinjiang Chalkis Co.Ltd,are listed.Basing on the present situation of the enterprises,this chapter gives a brief summary to the motivation,means and identification of financial fraud.The fifth chapter puts forward some suggestions,emphasizing the necessity of setting up and implementing the enterprise internal control system.In order to establish a healthy capital market for the vast investors and the society,regulators should issue relevant policies.All in all,there should be zero tolerance for financial frauds.