Case Study Of Financial Fraud In Wanjiang Logistics Based On GONE Theory

Since entering the new century,China has been committed to building a market economy system in line with socialism with Chinese characteristics,and in recent years China's market economy has developed rapidly.Many companies value the vitality and potential of the Chinese market and carry out large-scale financing in the capital market,thus promoting the further development of the economy.However,in this process,some participants violated the market rules,and cases of fraud were endless.Such behavior not only caused losses to the participants' rights and interests in the capital market,but also challenged the authority of the credit management system of China's capital market.Therefore,in order to alleviate the current intricate fraud situation and reduce the occurrence of fraud in listed companies in the capital market,stablishing relevant laws and regulations,strengthening the management of the supervision department,and increasing the degree of punishment for violations have become an urgent problem for China.Scholars have always had different opinions on the causes of financial fraud,and several theoretical explanations are generally accepted.The first is the corporate fraud triangle theory,which is the fraud theory proposed by the founder of the American ACFE,Eblen Chirt.The theory regards fraud opportunities,fraud pressure and self-rationalization as the driving force of fraud,and when the three elements coexist,fraud can happen in the business.Another well-known theory is the iceberg theory proposed by G.Jack Bologna of the United States and Robert J.Lindquist of Canada.The existence of the iceberg theory is more vivid,The theory shows that compared with the construction of internal control of the enterprise,the situation of the company,such as whether it is facing financial crisis,or whether it has potential defeat,can determine whether the enterprise is Fraud will occur.GONE theory is based on the theory of fraud iceberg,and this article is based on the GONE theory,analyze the four factors of GONE in the financial fraud of Wanjiang Logistics,and to provide effective suggestions for specific events to ensure the financial quality of enterprises.From a practical point of view,through the prevention and governance of corporate financial fraud,the securities market is more scientific and standardized,and the allocation of economic resources is more scientific and reasonable,thus ensuring the healthy and stable development of the economy.The four factors of GONE theory consist of "greedy factors,need factors,opportunistic factors and exposure factors".Among them,the greedy factor is the embodiment of human nature,which is manifested in the level of one's moral quality,and the most important incentive for motivation is the demand factor,which is the incentive for the company's financial fraud.The opportunity factor is related to the execution rights of the company in which the individual is located,and the exposure factor is the impact of the disclosure of fraud.This paper analyzes the literature,analyzes the cases,and finally adopts the method of summarizing and summarizing.Taking GONE theory as the starting point,this paper analyzes the financial fraud cases of Wanjiang Logistics from the perspective of four factors,and proposes targeted analysis for the four dimensions.Suggest.Therefore,the theoretical research on corporate fraud in this paper may provide a certain reference for financial fraud cases in China from the perspective of reality.