Study On Financial Fraud Of XT Company Based On Fraud Triangle Theory

With the development of economy,China's capital market has been developing and improving since the 21st century.At the same time,the phenomenon of financial fraud often appear in the newspapers,such as Yin Guangxia,Lantian shares,Wan Fushengke,Zi Xinyaoye etc.Driven by interest,listed companies disclose false information and challenge the relevant legal bottom line constantly.These financial fraud behavior not only enterprise a huge disaster,but also seriously danage the interests of the majority of investors.It disrupt the capital market order and hinder the development of the national economy.In order to prevent financial fraud and maintain the normal operation of the capital market,the relevant regulatory authorities have made great effort to supervise.They have already introduced a variety of policy systems.But from the frequency of financial fraud,the effect is poor.Therefore,it is of great practical significance to study the financial fraud and the countermeasures of listed companies.In this paper,XT company was selected as a case study,based on the fraud triangle theory.Using the case analysis to study the XT financial fraud problems.This paper analyzes the financial fraud events of XT Company from different perspectives of the risk,opportunity and self-rationalization of fraud triangle,and gives the financial fraud prevention measures and management suggestions of listed companies based on the fraud triangle theory.It's helpful for promoting the development of listed companies Sustainably and healthily,safeguarding the stability of the securities market.This paper is divided into six chapters.The first chapter is introduction and mainly introduces the research background and research significance.At the same time,it summarizes the literature related to financial fraud and decides the research methods and research ideas.The second chapter is the definition and theoretical basis of the related concepts of financial fraud.This chapter introduces the financial fraud and its related concepts and analyzes the current research theories of financial fraud,such as iceberg theory,fraud triangle theory,GONE theory and risk factor theory The third chapter introduces the case of XT financial fraud.Firstly,introduces the background of XT company,and then reviews XT financial fraud cases.Finally,analyse XT financial fraud means through the analysis of XT financial statements and operation,.The fourth chapter mainly analyzes the financial fraud cases of XT from three perspectives:pressure,opportunity and self-rationalization.In the fifth chapter,based on the theory of fraud triangle,this paper puts forward preventive measures and suggestions on financial fraud of listed companies by alleviating the fraud pressure of listed companies,reducing the chances of fraud of listed companies and eliminating the excuses of listed companies.Chapter six is research conclusions and future prospects,calling on listed companies,relevant regulators and the majority of investors work together to create a favorable investment environment.