Research On Internal Control Of DW Financial Fraud Cases

In recent years,it occurs that frequent Wanfu Biotechnology Co.,Ltd.of financial fraud,the sheer number and fast frequency,which has influenced the construction of long-term stability of the securities market,as well as effective allocation of resources to investors,these events exposed the internal control of listed companies which has a corresponding problem.Internal control functions is just like a firewall,if firewalls have any flaws,which will increase the possibility of increased risk of financial fraud,resulting in corporate scandals,and even bankruptcy.Although the countries have introduced the "internal control" and supporting guidelines and other relevant documents,but for various reasons,the company's internal control of the intensity is not satisfacting,lacking of management attention,the implementation of the relevant policy float on the surface,so that the risk of financial fraud increases.Main Board listed companies have the problem,just openning board of 5,6 years of GEM also has a similiar problem.For example,Wanfu Biotechnology Co.,Ltd.of financial fraud cases,which has created a number of negative records in companies listed on GEM.Today's GEM is also facing a motherboard problem:How to follow the footsteps of the relevant national regulations,select and implement in line with their own internal control,so as to avoid the similiar internal control problems,in order to ensure their long-term business health development,which gradually attracted the attention of the listed company.Through the study,as a result of inflated profits and other acts,causing financial fraud cases,and further investigation by the Commission to make the appropriate punishment to DW companies,while DW company has also issued a negative opinion of CPA internal control appraisal report,according to internal control problems landlord and through the standard research methods,According to the theoretical framework of COSO control,we can study from the five elements of the internalcontrol and the external environment angel to study internal control problems of fraud cases that appeard.and we expo lore the reasons.Finally,there is some DW company's suggestions.Because DW's internal control only has a representative,we could then hope for helping the similar company with DW enterprises to strengthen internal control.