Research On Identification And Prevention Of Financial Fraud In JH Group

With the continuous development of the social economy and the emergence of a new economy and new business formats,the methods of corporate financial fraud have emerged endlessly and are different from each other,such as JH Group.As a representative company of China's Internet economy,JH Group uses the Internet as a platform to provide intermediate services for suppliers and customers.Unlike traditional corporate financial fraud methods,JH Group has a wider range of financial fraud,more professional and hidden methods.Financial fraud has been banned repeatedly,and the rapid development of economic globalization and informatization has provided a certain degree of convenience for related companies.Therefore,specific research on the financial fraud of Internet companies and the nature of their fraud will help to clear the competitive environment of Chinese companies and protect small and medium-sized investments.It is of great practical significance to prevent the financial fraud of related enterprises.The thesis mainly uses the case study method and takes the JH Group as the research object.First,it expounds the research results of Chinese and foreign scholars on the causes of financial fraud,identification methods,and strategies.Secondly,the thesis defines the concepts of financial fraud and backdoor listing,and discusses the theory of principal-agent and internal control from the perspective of the subject of fraud.Thirdly,by studying the process,results and fraud methods of the JH Group's backdoor listing,the paper specifically analyzes the causes of fraud,and then proposes relevant identification methods.Finally,JH Group's financial fraud is related to various stakeholders and the overall securities market environment.Based on this,on the basis of identifying the financial problems of the JH Group,this article proposes corresponding preventive measures from the three aspects of the enterprise,intermediary agencies,and securities regulatory agencies.The research shows that measures such as optimizing the company's internal equity structure,maintaining the independence of intermediary agencies,and increasing the cost of the responsible person's violation of laws and regulations can effectively prevent corporate financial fraud.