Research On Financial Fraud In Related Translations Of Listed Companies

The financial malpractice of listed companies has been the focus of scholars and investors and is a hot research topic.With the rise of enterprise groups,related party transactions have gradually become an important channel and means for financial fraud of listed companies.Many listed companies not only fail to disclose related parties and related transactions in accordance with the relevant provisions of China securities regulatory commission,but also conduct financial fraud through complex related transaction operations and accounting information fraud.The related transactions of listed companies means also become increasingly complex and diverse,including associated procurement,entrusted management,take fund,a variety of forms such as funding,associated guarantees,and this kind of connection transaction behavior and often hidden in hidden relationships,terminate the relationship and concealment of conveyor chain of related party interests,leading to further intensify the regulatory supervision difficulty,and investors to identify financial fraud under the affiliated party transactions are more difficult.In recent years,there have been frequent incidents of listed companies being penalized by the CSRC for “the non-operating capital occupation of the company by related parties”.These behaviors make financial report users unable to obtain effective information and will also harm the interests of small and medium-sized investors.Through the combination of theory and case,this paper makes an in-depth analysis on the behavior of fraud in related party transactions of listed companies,and finds out its causes and means.Firstly,the definition and basic theory of related concepts of related parties and related party transactions were sorted out.Then,based on the case situation and data,the causes of fraud were found out,and then the means were found out.In the analysis part,this paper also puts forward relevant governance Suggestions and countermeasures,and believes that listed companies should pay attention to the internal control system and internal supervision system,increase the market strength and increase the cost of fraud,in order to curb the financial fraud of listed companies and regulate the capital market.This paper selects Xinjiang Haoyuan as the research.Different from the previous purpose of earnings management through correlation,the company's motivation for fraud is the difficulty in capital turnover,so it has to whitewash its statements to cover up the real financial data.