A Study On *ST Bo Yuan Financial Fraud Case

Since China's reform and opening up,Chinese people look forward to all aspects of the motherland development to be able to keep up with the pace of foreign developed countries,especially the economic development.As an important part of our country's economy,the slow development of capital market in China started late,and the relevant system is not sound,compared with the developed countries abroad have distance.As we all know,the sustained and healthy development of the capital market is based on protecting the interests of our country small and medium-sized investors,but the reality is,since its establishment,our country capital market,the listed company financial fraud occurred constantly,never had a break.The pursuit of surplus value is the focus of each of the shareholders of listed companies,the pursuit of profit maximization is each of the listed company management task,when the company's operating results can not meet the expectation,inflated revenue and profit and other financial fraud may arise.In order to raise the company's share price,for more on the capital market financing,the disclosure of false financial information,illegal illegal disclosure of financial information as a means of listed companies,not only misled and medium investors,can also disrupt the capital market in our country hold development order.Although,compared with the established at the beginning of the capital market in China,with a higher degree of development,but compared with foreign advanced countries,is still not mature enough,the financial fraud of listed companies to investors all aspects of our country capital market has a negative impression,so be on the way of development of capital market in China.Therefore,in order to protect the interests of our country small and medium-sized investors,and maintaining the order of the healthy development of capital market in China and how to identify the financial fraud of listed companies,how to reduce the financial fraud of listed company of our country has important practical significance.Based on China's a-share market for the first major illegal information disclosure and were forced to retreat city of * ST listed company bo yuan,for example,to study the financial fraud of listed companies in our country,get inspiration and lessons,in order to reduce the occurrence of financial fraud of listed companies in China.This article first has carried on the introduction to * ST bo yuan,describes the company's growth history.Then,the * ST bo yuan financial fraud means are analyzed in detail,the financial fraud means mainly include forgery,fictitious bank cash transactions,inflated assets,inflated revenue and profit,asset transfers through the related education.Followed by reason of * ST bo yuan financial fraud from the state regulations,and lack of registered accountants professional competence,the controlling shareholder changes frequently lost,the board of directors of the board of supervisors non-existing,the Shanghai stock exchange regulation does not reach the designated position,financial fraud penalties is low,the enterprise itself exists in seven aspects has carried on the analysis of internal control.Finally,on the basis of previous analysis,this paper puts forward Suggestions on the norm of accounting information disclosure of listed companies in our country,including,enterprise management,improve the accounting practitioners certified public accountants professional ethics and professional quality,the third party intermediary institutions should maintain independence,strengthen the internal control of listed companies,investors should be careful to judge the risk and make ideal decision.Finally,find out the limitations of this study,about accounting information disclosure of listed companies in China for subsequent research of irregularities were discussed.