| This paper selects Xintai Electric Company,the first listed company in the A start up board,as the object of analysis,and makes a thorough analysis of its fraud.This paper expounds the research background,significance,research methods and research content of this article are introduced.Then based on the study of relevant literature both at home and abroad,summarized the motivation,recognition,means,prevention,the four aspects of financial fraud.Secondly,research on the concept and motivation theory of financial fraud is carried out to lay a theoretical foundation for the analysis of Xintai Electric Company.Through analysis,the reason of Xintai Electric fraud are:low honest cognition and professional quality,pursuitting of additional income,poor internal management and ineffective intermediaries,the pressure from the government,low exposure-probability and the low cost of fraud.In the case of fraud,the collection of accounts receivable is made up through the external circulation of its own funds,external borrowing and forged bank documents.By reducing the cost of materials and using tax incentives to inflate the net profit;To conceal related party transactions by means of major disclosure omissions and untimely disclosure.Then,the influence and understanding of the financial fraud of Xintai are summarized and expounded.Thirdly,based on the above analysis,this article in view of the fraud motivation,means of fraud and fraud impact modification suggestions are put forward,including: strengthen moral culture and the cultivation of professional quality,impose agency accountability system,using a variety of financing channels,perfecting laws and regulations,strengthen the management of accounts receivable and cost accounting,improve the quality of management,establishing the investor protection measures.In the end,the advantages and disadvantages of this study are summarized and the future prospects are discussed. |
