Study On The Rules Of Accounting Law About Listed Companies’ Financial Fraud

China’s market economy is constantly developing and facing the market environment which is declining.Judicial construction,as an important guarantee for the development of a market economy,is like the wings of a bird and the wheels of a car.It is an important part of the rule of law.At present,China’s listed companies have repeatedly banned financial fraud which is causing huge losses to investors and also undermining the good development order of the market economy.Listed companies mainly conduct financial fraud by falsifying or concealing accounting data and information."Accounting Law" takes accounting information as the adjustment object In terms of theoretical research,the main research results are mostly the causes or identification methods of financial fraud.In this article,the author combines the financial fraud of listed companies with accounting information as the "Accounting Law" of the adjustment target was cross-researched,based on financial fraud,and proposed amendments to the relevant regulations of the "Accounting Law"This article(according to the analysis of the status quo problem and the deficiencies and suggestions)introduces as follow:The first chapter is the introduction,which is introduced as a background to introduce the current situation of financial fraud in listed companies.The literature review section reviews existing research on the development and status of accounting law and the standardization of financial fraud in listed companies.The article through research points out that the accounting law’s regulation of the true and complete integrity of accounting information is still controversial and inadequate;the causes of financial fraud are internal and external.To curb financial fraud,we must start from both internal and external.Strengthen the company’s own audit supervision system,while external emphasis on guidance and supervision of listed companies,and gradually improve the legal mechanism.The second chapter is the accounting method analysis of financial fraud of listed companies.Data collection and charting are conducted through the CSMAR database,the website of the China Securities Regulatory Commission and the China Judgment Documents Network to show the current causes,methods and identification methods of financial fraud of listed companies.It also distinguishes financial frauds from accounting errors and earnings management,and displays the number and types of penalties imposed by the CSRC and the courts.Through these studies,we can find that in China’s economic field,the number of listed companies is large,and financial fraud is frequent.The main regulatory agencies are mainly based on the "Securities Law" and related regulations when dealing with violations of laws and regulations,and the final The main types of penalties are fines,and the amount is not high.There is an imbalance in the costs and benefits of fraud,and mismatched liability behaviors Investors,as the main participants in the securities market,are most directly affected by the financial frauds of listed companies.The protection of investor interests requires investors to file a separate lawsuit to protect their own interests in accordance with a number of regulations.Under the circumstances,there is no clear measurement standard for the amount of deductions for loss compensation during the period of securities holding,and it is still within the scope of the court’s discretion.In terms of protecting the interests of investors,there are still gaps in the accounting law.The third chapter is a horizontal comparison of financial frauds of listed companies at home and abroad.For comparison,the fraudulent behavior and punishment of Emron in the United States and the new company Kant in China are compared;the accounting law systems in the Anglo-American law system and the civil law system are compared separately;and the structural analysis of the internal accounting law system in China.Through comparative research,we can find that China’s accounting law system is based on the "Accounting Law",which constitutes a multi-level and comprehensive standard system for the regulation of accounting behavior.However,due to the large accounting law system in China,the number of internal laws and regulations is relatively small.There are many synergistic features that require the harmonious operation of the accounting law system to ensure the maximum effectiveness of the accounting law system.However,in judicial practice,there are still insufficient regulations on the financial fraud of listed companiesThe fourth chapter is the analysis of the foregoing phenomena and data to find the deficiencies of the current accounting law on the regulation of financial fraud of listed companies,including:fuzzy definition of accounting behavior;low cost of illegal fraud;lack of civil liability;","Company Law" and other aspects of fuzzy relations.Chapter 5 proposes amendments to the relevant rules of the Accounting Law on financial fraud of listed companies corresponding to the previous chapters.After a clear definition of accounting behaviors,the accounting supervision system will be improved,an internal and external joint supervision system will be established,and the scope of supervision will be improved.Supervise the path,make reasonable use of short-selling agencies to study and regulate corporate fraud,and at the same time introduce the practice of forensic accounting such as expert witnesses to establish a perfect supervision system;clarify civil legal responsibilities and strengthen the intermediary agency responsibilities to achieve the purpose of improving the liability system and increasing the cost of illegal activities;Clarifying the boundaries of different legal regulations,creating a highly collaborative accounting law system,and strengthening the basic position of the "Accounting Law" are conducive to improving the efficiency of legal regulations to curb financial fraud by listed companies.