Research On KMJC Financial Fraud Of Listed Companies

With the rapid developm ent of the securities market,more and more enterprises choose to go public for financing to help enterprises develop better.Listing for financing is originally a good thing,but in recent years,listed companies are constantly exposed to financial fraud scandals,investors obtain false information and lead to wrong decisions,ultimately resulting in loss of interests.In China,the financial fraud of listed companies is very serious,which hinders the healthy and stable development of the securities market.Therefore,it is particularly important to deeply study the motivation and means of financial fraud of listed companies and put forward targeted preventive and regulatory measures.This paper takes the financial fraud incident of KMJC company as the research object,and adopts the method of combining theoretical research and case study to conduct an in-depth study on the motivation and means of the company's financial fraud,and proposes targeted preventive and regulatory measures.This paper is divided into six chapters.The first chapter is the introduction,which successively explains the background,significance,content and method of this study,sorts out relevant research literature,and points out the innovation points and characteristics of this study.The second chapter Outlines the financial fraud theory,defines the related concepts of financial fraud,introduces the different views of financial fraud,and further expounds its characteristics,causes and means.The third chapter introduces the fraud case of KMJC company.This chapter first introduces the general situation of the company,its shareholder structure and internal governance structure,then conducts a qualitative and quantitative analysis of its financial situation during the period of financial fraud,and finally introduces the whole process of corporate fraud event in detail.The fourth chapter analyzes the causes,means and economic consequences of KMJC's fraud,mainly analyzes the causes and means of KMJC's financial fraud,and details the abnormal financial signals to remind investors to pay attention.On this basis elaborated the financial fraud consequence.The fifth chapter is about the prevention and supervision measures of corporate financial fraud,and puts forward the targeted prevention and supervision measures from five aspects aiming at the causes and means of KMJC corporate fraud.Chapter six:conclusion and prospect.It is found that the main means of financial fraud of KMJC company is false increase of income and assets and undercount of expenses,and the main reasons are the lack of internal control and external supervision.In addition,combined with relevant prevention theories,this paper puts forward targeted prevention measures from five aspects,including internal control,government supervision,intermediary services,investor risk awareness and press pressure,etc.These suggested measures have strong operability and practical value in preventing corporate financial fraud.