A Case Study On Financial Fraud Of Sunlight Electrical Joint-stock Company

With the capital market has become more active and prosperous.By 2017,there are more than 3500 listed companies.However,due to the late start of China's capital market and imperfect system,the financial fraud cases of listed companies have occurred frequently in recent years.In 2018,the CSRC issued 310 administrative penalty decisions,and the number of people banned by the market reached 50.In 2017,The quantity associated with it is 237 and 44.The number of penalties in 2016 is relatively small,but the overall financial fraud is increasing year by year..In the past 15 years,the CSRC has issued thousands of fines in total,with a wide range,a large number and a great impact.The rampant financial fraud not only seriously infringes on the legitimate rights and interests of the majority of investors,causing serious economic losses,but also seriously undermines the construction of the social integrity system,hinders the stable,healthy and sustainable development of the entire capital market,causing serious social adverse effects.Our country has issued documents for many times,cracking down on listed companies' financial fraud,and creating a transparent,real and fair investment environment in the capital market.Financial fraud case of Sunlight,in the investment circle known as the year's most newfangled and daring financial fraud case.In order to clarify the Sunlight financial fraud case,finding out Sunlight operating and financial results of whole financial fraud,then know ins and outs of the fraud,then putting forward some corresponding prevention and control measures,in order to achieve alleviate the purpose of the present situation of financial fraud and veterinarian,also effective governance provides a good environment for the company.This paper takes the financial fraud case of Sunlight as the central fulcrum to deeply restore and analyze the entire event,and uses a variety of foreign financial fraud theories and special financial analysis methods,such as four levels mechanism against fraud,DuPont analysis and THEMIS,a comprehensive financial analysis was adopted in the case,then obtain oneself revelation and state the case's feelings on accounting practitioners and corporate governance.Finally,I put forward the financial fraud prevention and control measures.