Case Study On Financial Fraud Of Wanjiang Logistics

Since the 21st century,China's market economy has developed rapidly and the capital market has never been more prosperous.In recent years,however,there are plenty of the listed company's fraud hindered our country capital market credit management system construction step,not only caused loss to capital market participants,even become hinder"stumbling block" of the orderly development of capital market in our country.So,establish and improve the relevant legal norms and accounting rules,strengthen market supervision department's supervision,a listed company to prevent financial fraud becomes primary task of our country's market regulator.To essentially break down China's capital markets are frequent "dilemma" of the listed company's fraud,to ease the current complex situation for fraud,we need to go into details of specific fraud of listed companies,analyzes the motive,means and reason for fraud,etc.,thus put forward targeted to prevent financial fraud of listed company of the enlightenment,so to ensure the healthy development of capital market in China.This thesis first describes the research background and significance,literature review at home and abroad,and related concepts and theoretical basis.Second selection of typical and representative wan jiang logistics financial fraud as the research object,in reference to domestic and foreign financial fraud related outstanding theoretical basis,use the fraud triangle theory and the theory of internal control,analyze the Wan Jiang logistics financial fraud motivation,means,identification and reason.Then,through analysis,it is found that there are many problems in internal and external logistics of Anhui river.Internal control defects provide a living ground for its fraud.The lack of audit independence of certified public accountants leads to the failure of external audit and aggravates the process of fraud.Government regulatory loopholes have failed to prevent fraud.Finally aiming at the existing problem of Anhui river logistics internal and external,this paper puts forward the corresponding prevent financial fraud of listed company of enlightenment:first,establish a diversified assessment mechanism and set realistic performance commitments,to eliminate fraud motivation.Second,starting from the five elements of internal control,the group company to optimize the corporate governance structure,the major issues of the comprehensive evaluation of subsidiary risk and operation risk,improve and implement subsidiary company authorized examining and approving mechanism,perfect and subsidiary information transmission mechanism,increase the intensity of subsidiaries of daily supervision and audit.Third,it is necessary to maintain the audit independence of certified public accountants and improve the ability of auditors to identify fraud.Fourth,the government regulatory authorities should increase the penalties for financial fraud,improve investor claims mechanism and other laws and regulations.Based on wan jiang logistics financial fraud in this specific case as the research object,combined with the fraud triangle theory,the internal control theory to analyze its identity fraud motivation,means,with reason,and then puts forward the targeted to prevent the listed company financial fraud,hoping to provide some reference for financial fraud case study.