Case Study On Financial Fraud Of Xinlv Based On The Theory Of GONE

Since 2013,the new third board market has been developing rapidly,and the market scale is gradually expanding.At present,it has become an important part of China's multi-level capital market.However,with the continuous development of the new third board,due to the relatively short time of market establishment,the construction of various systems is not perfect,and financial fraud events are increasing day by day.Financial fraud has always been an issue of great concern to scholars,and there have been some research results for financial fraud,but mainly based on the market research,the research on financial fraud in the new three board market is not much.As an important part of China's capital market,the new three board market plays an important role in the development of capital market.Therefore,the study of financial fraud on the new third board can also promote the development of China's capital market,so we should attach great importance to it.This paper takes Shandong new green food Co.,Ltd.as the research object,analyzes the financial fraud of the company for listing on the new third board based on the theory of gone,and puts forward the preventive measures for financial fraud.First of all,on the basis of sorting out and reviewing the relevant literature,this paper introduces the concept of financial fraud and the theory of gone motivation,and gives a brief overview of the development of the new third board market.Secondly,it describes the basic situation of the case company,introduces the whole process of the financial fraud case of new green Co.,Ltd.,and mainly analyzes the financial fraud means of the company,including falsely increasing the main business income,falsely increasing bank deposits and fixed assets,concealing related party transactions,and false disclosure of related matters.Thirdly,according to the discussion of the financial fraud process of the case company,and based on the gone motivation theory,this paper further studies and analyzes the fraud motivation of the company from four perspectives: greed,opportunity,need and exposure.It mainly includes the low moral quality of the management,the confusion of the company's internal governance structure,the urgent need for the company to land on the new third board,the failure of the host securities companies and accounting firms to perform their duties diligently,and the imperfection of thenew third board market system.Finally,based on the above analysis,this paper puts forward some measures to prevent financial fraud for enterprises listed on the new third board.It mainly includes strengthening the moral education of the management,setting up the corporate governance system in a scientific way,meeting the company's financial needs by expanding financing channels,improving the service quality of the sponsoring securities companies and accounting firms,and improving the new third board market system.The innovation of this paper is to introduce the standard system of the new third board market and the difference between the new third board market and the on-the-spot market into the company's financial fraud motivation analysis.I hope that through the research and analysis of this paper,we can solve the problem of financial fraud in the new third board market to a certain extent,so that the new third board market can play a better role in resource allocation.