The Research On Motivation And Identification Of Financial Fraud Of Chinese Agricultural Listed Companies Based On GONE Theory

With the continuous promotion of the construction of the legal society in China,the economic crime has received extensive attention because of its huge amount and the severe social impact.Among them,the stock market crime is due to listed companies have to disclose information and involving a large number of small investors interests which aroused widespread concern in society,therefore,it is valuable to research on the securities market in the motive of the crime,identification and prevention.Agricultural listed companies are an important part of China's A share listed companies.However,in the 20 years history of Chinese securities market,this industry has frequently exposed financial fraud scandals.Why is the financial fraud frequent in the listed agricultural companies?For solving this problem,this article is based on the characteristics of the agricultural listed companies and corporate governance structure characteristics,using the case study method,summary several agricultural listed companies which is considered crime by Chinese CSRC to study for their financial fraud motivation and means of study,find out the agricultural listed companies financial fraud patterns and evolution trend from the time dimension,to get related conclusions of the agricultural listed companies financial fraud,and put forward the preventive measures and policy recommendations and recognition method.First of all,through consulting the data,we find that in the cases of financial fraud that happened in China over the years the proportion of agricultural industry companies is bigger and has a wider impact.Secondly,through combing the development and current situation of agricultural listed companies in China,as well as the analysis of the unique characteristics of agricultural listed company's production and management and corporate governance,outlines the characteristics of agricultural listed companies in China,puts forward the existing development and management of agricultural listed companies in China the problem.Again,through the above analysis,and combined analysis with a number of agricultural listed companies which are considered financial fraud by Chinese CSRC,put forward two kinds of mode of financial fraud from the time dimension,namely MODE ONE of "hot speculation concept + source of profit is not easy to check" and MODE TWO of "disperse customers are not easily verifiable + funds extracorporeal circulation",analyzed the two modes at different times to have conclusions of different motives and means,then put forward the corresponding recognition methods.Through the analysis of four factors of GONE theory and the two modes of financial fraud,agricultural listed companies exposed more opportunities and motivation in financial fraud,so the key lies in the identification of factors of GONE in the theory of opportunity and exposure factors,and expansion of the financial fraud MODE TWO,IPO audit in agricultural companies should focus on the special characteristic of production management and corporate governance characteristics to prevention and recognition of the possible listed agricultural companies financial fraud.Finally,the relevant suggestions are put forward for the three aspects of the regulatory,accounting firms and agricultural listed companies.