Study On Motivation And Governance Of YT Company's Financial Fraud Based On Fraud Triangle Theory And Game Theory

In recent years,China's capital market has achieved sound and rapid development.The information disclosure mechanism of listed companies has also gradually improved.Various types of information publicly disclosed by listed companies have become one of the most important basis for investors to make investment decisions,especially financial information.The authenticity of financial information disclosure is one of the most basic requirements for disclosure of public information,and it has attracted the attention of investors and the general public.However,in recent years,the financial frauds of listed companies in China have emerged in an endless stream,and they are characterized by numerous fraudulent means,prolonged duration,and huge amounts of fraud,which seriously endanger the healthy development of China's capital market.Financial fraud has led the capital flows to a poorer industrial economy,and it has seized the industrial economy that originally required capital inflows.Social resources have not been rationally allocated,which has seriously jeopardized the healthy development of the Chinese market economy.The internal governance structure of the company is imperfect,the business of the audit industry is not standardized,and the legal supervision is unsound,resulting in frequent fraud in the Chinese capital market.The paper selects the YT company's financial fraud case as the research object,and analyzes the motivation of the YT company's financial fraud from the perspective of both inside and outside,based on the theory of fraud triangulation and game theory.From the internal factors,it deeply analyzes the internal motivation of YT company's financial fraud from the three factors of the fraud triangle theory pressure factor,the opportunity factor,and the self-rationalization excuse factor.In the same time,use the game theory to construct YT company,CPA and government supervision.The game model of the three players in the department analyzes the external causes of financial fraud of YT by looking for a game equilibrium.Finally,based on the analysis results of fraud triangle theory and game theory,theauthor puts forward the policy recommendations for the governance of financial fraud of listed companies from the perspectives of internal governance and external supervision.From the perspective of internal governance,it puts forward proposals such as formulating a scientific and sustainable development strategy,improving internal governance structure,improving the internal control system,and improving the professional ethics of management and accounting personnel.It proposes to strengthen the supervision of accounting information and increase conspiracy of fraud from the perspective of external supervision.Punishment efforts and suggestions for improving the implementation level of certified public accountants.The paper improves the internal governance structure of enterprises,strengthens external supervision,standardizes the auditing industry,advocates integrity construction of the entire society,hopes to be able to help contain financial frauds,and promotes the healthy development of China's capital market and socialist economy.