Research On Financial Fraud Of The New Three Board Listed Company

Financial fraud has always been a topic of concern to scholars,but its research focus is generally focused on the motherboard,small plates,GEM listed companies,the new three board market financial fraud problems rarely.But the new three boards as an important part of the multi-level capital market,a direct impact on the stability and development of the capital market,and because the new board set up time is short,the system is not perfect,the new three board-related issues also help the new three board To further improve.Therefore,in this paper,the author from the new three board point of view,the new three board financial fraud and other related issues to start the study,selected by the Xianxinhe agricultural industry,Is the new three board agricultural fraud the first share,a representative significance.Based on the analysis of the status of the financial fraud of the new three board companies,this paper divides the motivations into opportunities,pressures and excuses according to the fraud triangle theory.The opportunities for financial fraud are mainly due to the defects of the system,including the failure of the internal governance structure,the defects of the listing audit system,the shortcomings of the brokers' recommendation system,the particularity of agricultural production and so on.Financial fraud is the incentive for fraud,including the company listed,placement pressure,ease the debt pressure,improve performance or local government to increase performance needs.The excuse of financial fraud comes from the moral dimension of the problem,including the interests of moral anomie and fraud are not found lucky.Then,according to the characteristics of the new three-board market in China,this paper analyzes and summarizes the financial fraud of the new board.From the corporate governance;listing system;intermediary agencies;government media point of view,to study fraud prevention measures,thereby reducing the new three board listed companies financial fraud behavior occurred.The innovation work of this paper mainly introduces the process and guidelines of the new three-board market into the analysis of the financial fraud motives of the company.By comparing the financial fraud motives of the main board market,the new three board market and the fairy source,The general listing of listed companies and the new board of three companies listed fraud characteristics,Shen Xianyuan fraud case highlights the new three board market problems and loopholes,the fraud is to expose the new three board listing system,the brokerage review system is not perfect In addition,the immortal motive of the fairy source also combines the characteristics of agricultural production,the use of biological assets is not easy to account for the characteristics of deceive the implementation of fraud,which also for the new three board market review process sounded the alarm,to avoid the agricultural stocks once again become the new board Market of "black swan".