Research On The Financial Fraud Of Huaxin Energy In The New Third Board Market

With the vigorous prosperity of the market economy,in order to meet the financing needs of enterprises,the New Third Board came into being.While bringing financing to small and medium-sized enterprises,the NEEQ has frequently exposed financial fraud scandals in recent years,making financial fraud a topic of widespread discussion in the NEEQ.In this paper,through an in-depth analysis of the main body of the NEEQ’s largest financial fraud incident-Huaxin Energy,it discusses the issue of financial fraud in the NEEQ market,in order to dig deeper into the current NEEQ market fraud situation,and promote the comprehensive deepening and more precise reform of the NEEQ Make a contribution to identifying fraudulent behavior.The research object of the thesis is Huaxin Energy,and its financial fraud is the largest financial fraud exposed in the NEEQ in 2019.First,the article reviews the causes of fraud and the domestic and foreign literature on identification,and builds a framework of theoretical foundation.Secondly,it briefly described the concept of the NEEQ and the difference between it and the floor market,and introduced the current status of listing and delisting on the NEEQ.Then,I sorted out the overview of Huaxin Energy,and by sorting out the timeline of Huaxin Energy’s financial fraud,found clues of financial fraud,combined with Huaxin Energy’s accounting adjustment analysis,fraud performance,fraud analysis and analysis of the causes of fraud based on risk factor theory,Conducted an in-depth analysis of the fraud of Huaxin Energy.Finally,starting from the three levels of dare not to cheat,can’t cheat,and don’t want to cheat,the enlightenment from the fraud case of Huaxin Energy is drawn.