Tianfeng Energy-saving IPO Financial Fraud And Audit Failure Study

With the rapid development of our market economy,our listed companies fraud become more and more serious,the fraud means became convert and intricate The traditional audit fraud approach is not suitable for the development of the fraud and error.This need chartered accountant to find new ideas and means to audit fraud.The domestic and foreign stock market frequent outbreak of the major financial fraud case disturb the order of capital market,shaken investors' confidence to the capital market,damage to the vital interests of the investors,seriously endanger the reputation of the audit occupation.How to develop the independent auditor ability of exposing fraud,to solve the audit expectations gap because of audit ability is insufficient.Reduce the risk of fraud financial report brought to the independent auditor is a difficult problem in the world.This paper mainly uses the method of case analysis and combining with the literature analysis method.Based on Tianfeng energy saving,through the study of the causes of the failure of the Tianfeng energy saving IPO,summarize the fraud prevention measures of listed Corporation IPO and the prevention and control strategy of CPA in the IPO audit project risk.This paper selects the science behavioral theory to analysis the human behavior impact on corporate fraud,and tianfeng have thefraudulent demand,advantageous environment and choices.So this paper analysis the agent from these three aspects,revealed signs of fraud,in favor of improve the CPA found on the fraud rate.This paper also analyzes the specific fraud means of Tianfeng energy saving,and the cause of CPA cannot find the fraud.Provide useful suggestions for CPA to find fraud.Finally,through the analysis of this case reached the case proposal,Separately from the listed Corporation,registered accountants,regulators three aspects,to explore how to prevent the occurrence of listed companies fraud.From the analysis of this paper,rich content of the theory of audit fraud.Improve the theory system of audit fraud,provide new ideas and means for CPA to audit fraud.CPA find the cause from fraudulent demand,environment and choices and how to find fraud.It helpful the improvement of CPA found on the fraud rate,enhance the ability of CPA to expose the fraud,improve the part of CPA in audit fraud,Which helps to regulate the securities,reconstruction economic order.