Research On Motivation Of Financial Fraud Of Kunming Machine Tool Company Limited

In the past few years,with the emergence of a large number of financial scandals,the research interest in financial fraud of listed companies in various fields has gradually increased.The financial fraud incidents of Enron and World Communications have been discussed by people in related fields to this day,and its impact Involving all aspects of society,it has caused investors to question the fairness,openness,and authenticity of the information of listed companies,and has caused widespread discussion in academia.On the one hand,it reflects the prosperity of the development of China’s capital market,and on the other hand,a variety of problems have followed,among which financial fraud is one of the most significant problems.The financial fraud of listed companies has a huge impact on the entire capital market,not only disrupting the order of the capital market,but also causing huge losses to investors.If the financial fraud of listed companies is not regulated,it will adversely affect the sustainable development of listed companies and the entire capital market.Shenji Group Kunming Machine Tool Co.,Ltd.is a representative and research-oriented company.This article takes the company as a case object and combines Frauds’ Five Factors theory to explore the cause of the company’s financial fraud and find out its existence.This article first introduces the topic selection background,research significance,research methods,and literature review at home and abroad.Then the related theoretical basis is explained,mainly introducing the concepts of financial fraud,the theory of the causes of financial fraud,the means and consequences of financial fraud,etc.,and laying the theoretical foundation for case studies.Then it analyzes the causes,means and consequences of financial fraud in Chinese ST companies.And case analysis of ST Kunji’s financial fraud.It mainly introduces the basic situation of ST Kunji,and analyzes the causes,methods and consequences of ST Kunji’s financial fraud.Finally,according to the causes and methods of ST Kunji’s financial fraud,corresponding countermeasures are proposed.