Research On Financial Fraud Case Of Y Company Based On Risk Factor Theory

Since its formation,China’s securities market has achieved fruitful results and become an indispensable part of the national economy.It is precisely because it is an important source of financing for enterprises and not only the focus of government control,It has also become a place where lawbreakers seek for personal gain,especially by using the advantage of asymmetric information,disclosing false information,engaging in financial fraud,misleading stakeholders,and creating a crisis of good faith.Today,financial fraud fraud means,fraud duration and fraud amount are increasing.These market scandals not only damage the rights and interests of stakeholders,weaken their trust in the market,but also seriously affect the healthy and stable operation of the market,thus hindering the development of the national economy.Since the country actively propagandized the strategic plan of Belt and Road,enterprises responded positively and worked hard to cooperate with the national strategy.Companies in many fields have begun overseas projects,thus increasing their overseas visibility and gaining considerable benefits.However,the problem also follows.Because overseas verification is very difficult and there is a problem of inadequate supervision,it brings opportunities and motivations for many enterprises to commit financial fraud in overseas projects.Therefore,the regulatory system is improved.It is urgent to strengthen the supervision of overseas projects.Although the state is constantly improving the regulatory system for enterprises,strengthening supervision and regulation,and maintaining market stability,but financial fraud is also constantly being renovated to cope with state supervision.Therefore,we should still attach importance to the problem of financial fraud.Further strengthen research,formulate targeted governance measures to reduce the occurrence of financial fraud.In this paper,the fraud risk factor theory is used as the theoretical framework,through the induction and summary of the characteristics of the case of Y company,based on the risk factor theory to analyze the financial fraud of the company,and give the corresponding countermeasures and suggestions.This paper is divided into six chapters.The first chapter is the introduction,which summarizes the domestic and foreign literature;the second chapter introduces the basic concepts of financial fraud and the basic theory of risk factors;the third to fifth chapters,From the angle of view of individual risk factors and general risk factors,this paper emphatically analyzes the risk factors of financial fraud in Y company,and reveals that it adjusts huge profits through fraudulent means such as fictitious foreign engineering projects,international and domestic building materials trade,etc.From the perspective of controlling individual risk factors and general risk factors,the author puts forward some countermeasures and suggestions.The sixth chapter is the conclusion of this paper and the prospect of the follow-up study,hoping to get more experience and lessons through continuing to pay attention to the development of cases,and put forward more valuable suggestions.