A Case Study Of Financial Fraud In Jinya Technology Based On Internal Control Perspective

In November 2017,received the CSRC penalty notice jyc technology,internal control in the first year surveyed directly by negative opinions issued by type,the whole process of financial fraud case was reported,based on the analysis of financial fraud and internal control on jyc technology can be used as a very typical research object.Is adopted in this paper,to better illustrate the relationship between analytical method and experience method,as well as the combination of quantitative and qualitative study,comparative study and case study method of the research method from the perspective of internal control jyc technology of financial fraud cases.First,the research background section describes why the financial fraud and internal control and selecting jyc technology as a typical case of reason,in the sense that the research of this article have any contribution for enterprises,investors and government;Secondly,in the literature review,the research status of financial fraud and internal control is emphasized,and the theories of internal control and financial fraud are introduced.Then,in the case part,we know the background of jinya technology company,and analyze the causes,frauds and results of the financial fraud cases of jinya technology.Then,the internal control problems exposed during the whole process of fraud are analyzed from the five elements of internal control.In the end,the paper concludes the internal control problems corresponding to financial fraud,and then puts forward the policy Suggestions to optimize the internal control system and prevent fraud risk.Through the comb jyc technology problems existing in the whole process of financial fraud and internal control,has the following findings:jyc technology loopholes in internal control mainly includes the weak internal control environment led to the complete control of the company,the board of directors and major shareholders xu-hui zhou is hard to fulfill the functions and powers of the board of supervisors;The process of the risk assessment process leads to the major assets reorganization and related party transactions fraud opportunities;The lack of control activities leads to the failure of the fund to accept and approve the irregularities and falsification of financial statements.The lack of information and communication system leads to the lack of major investment information and private account set.The failure of internal supervision leads to the failure of timely monitoring of financial fraud.The specific internal control problems can in jyc financial fraud cases to find the corresponding items of science and technology,deeply analyzes the internal control of financial fraud and its inner link,and causes of financial fraud is the failure of internal control.Therefore,strengthening the internal control system construction of listed companies is an effective measure to prevent fraud risk.According to the specific problems,the following solutions are proposed:to strengthen the internal control environment construction,improve the governance structure,and cultivate the corporate culture of the code of ethics;In the execution of risk assessment procedures,cultivate risk awareness,establish the exclusive division responsibility;In the control activities,strictly control the accounting system,realize the overall budget,and strive to run throughout the company;In the aspect of information and communication,establish effective information system and anti-fraud mechanism,and pay attention to all-round communication;In internal supervision,we should strengthen the function of internal audit institutions and implement accountability system.