Case Study On Financial Fraud Of Jinya Technology Company

The report of the Nineteenth Party Congress stated that China's economic growth mode has shifted from focusing on the speed of development to focusing on economic quality.At present,China's economy is in a critical transition period for development.The current economic development strategy is to build a new era of economic system.The report emphasizes that it is necessary to accelerate the building of the real economy,realize the innovation of science and technology and modern finance,establish an effective market mechanism under moderate macro-control,and create a competitive socialist economy.It can thus be seen that in the new period the country is paying great attention to the healthy development of the market economy.However,on the other hand,as an important part of China's capital market market economy,there are still many problems that need to be rectified.Taking the GEM as an example,from the 28 companies that were established in early 2009 to the nearly 700 listed companies in 2017,many problems have emerged along with rapid development.Many companies are trying to leverage on capital market financing to blindly pursue good-looking performance in order to keep their listing status.They can't focus on improving the quality of their products,starting from consumer demand,and making innovations,but rather for the immediate benefit,they will not hesitate to use finance.The means of fraud,whitewash statements,inflated profits,and made false results.Among them are some of the first listed well-known companies.This move is not only extremely harmful to the enterprise itself,but also harms the interests of related stakeholders.If it is not contained,its bad conduct will have a bad influence on the economic order of the entire capital market and impede China's development of a new era of socialist economy.The disclosure and analysis of the financial fraud of listed companies can not only cause this problem to cause everyone's thoughts and concerns,but more importantly,they can propose some prevention and treatment suggestions by studying their specific fraud motives and behaviors.A healthy securities market environment has a positive effect.This article selects Jinya Technology Co.,Ltd.as the case study object.Jinya Technology is one of the first 28 listed companies to open GEM in 2009.Jinya Technology has been listed in the delisting crisis since it was successfully listed,and is a typical financial institution in the near future.Fraud cases are very representative.In the process of inquiring into the financial fraud problem,with the help of literature research methods and case study methods,after combing the relevant documents of financial fraud,the overall situation of Jinya Technology's financial fraud cases is explained in detail,and the motivation of fraud is explored.Based on the theory of GONE,it deeply analyzes the causes of its fraud and reveals its fraudulent means and the harm it causes.Finally,according to the analysis of the four factors,put forward the corresponding financial fraud management countermeasures,in order to provide some reference for the prevention of listed companies fraud.