A Study On The Motivation Of The Financial Fraud Case Of Sunlight

In the past 40 years,the securities market has developed rapidly.The information disclosed by the superior company is the basis for investors to make investment decisions,especially the financial information is also the focus of the securities regulators.However,China's relevant laws and regulations is not perfect,imperfect market function as well as their own internal control makes financial fraud.The financial fraud of the listed company conceals the real performance of the company and hinders investors from making the right choice.It not only harms the interests of minority shareholders,but also disturbs the economic order of the securities market,causing huge economic losses.Judging from the fraud cases in the capital market in recent years,the financial fraud of listed companies emerges one after another,and the financial fraud is full of patterns.Intermediary agencies and regulators should constantly improve their business capabilities to identify "variable" financial fraud means of listed companies.It is urgent to improve the financial fraud problem of listed companies from the source,deeply analyze the causes of fraud,and improve the fraud prevention strategy of listed companies.This paper selects the financial fraud case of Sunlight as the research object,introduces the beginning and end of the case,collects financial data and analyzes the fraud means.By using the risk factor theory of foreign financial fraud,this paper deeply analyzes the causes of financial fraud in Sunlight,and puts forward some Suggestions to prevent financial fraud in listed companies.The analysis also takes the government as a fraud opportunity factor.Sunlight's special means of fraud,the main use of film and television copyright and government subsidies to achieve the purpose,in the legal form to cover up the illegal purpose,the fraud plot is realistic and not easy to expose.Therefore,this paper concludes that a series of measures such as adjusting corporate strategy,strengthening management ethics,strengthening local government subsidy supervision,enhancing audit quality of external audit institutions,and improving laws and regulations of the capital market can be taken to deal with the fraud of listed companies.Through the study of this paper the author of this thesis hope to expand the ideas of fraud identification and enrich the practical materials of fraud identification.