Research On The Audit Countermeasures Of Listed Companies' Transaction Fraud

In 1999,Yin Guangxia used the way of fictitious downstream customers to inflate its performance,which had a huge negative impact on China's capital market.It caused a huge sensation both at home and abroad.At the same time,it also set off a wave of trading fraud in China's listed companies through the media of daily economic business and trading matters.Different from the previous use of in-account accounting to adjust profits,listed companies' trading fraud usually occurs outside the account.It is not only through the long-term planning of listed companies,but also often colludes with the counterparties.The means are flexible and hidden,and it is difficult to be found by certified public accountants.Therefore,in the audit of financial statements,certified public accountants should not only pay close attention to the significant and abnormal transactions of the audited units but also have practical audit countermeasures to reduce the inspection risk of certified public accountants.For this reason,this paper first takes the notice of administrative penalty of China Securities Regulatory Commission as a sample,summarizes and sorts out the fraud motives and specific means of Listed Companies in recent five years,and finds that listed companies will choose different trading partners according to different fraud targets to implement fraud;on this basis,according to the different trading partners of listed companies,this paper puts forward the corresponding countermeasures Finally,it introduces the case of audit failure of Chengdu Huaze Cobalt&nickel Material Co.,Ltd.,analyzes the multiple fraud motives of the actual controller of Chengdu Huaze Cobalt&Nickel Material Co.,Ltd.,at the same time,carries out targeted measures for the counterparties or transactions that may be used by Chengdu Huaze Cobalt&Nickel Material Co.,Ltd.,and verifies the theoretical discussion in practice.The research of this paper enriches the theoretical research on the fraud behavior of listed companies from the perspective of off account,especially pays more attention to the relationship between listed companies and other subjects.With the rapid development of the market economy,the relationship between listed companies and the capital market is just like the relationship between cells and organs in the human body.The organic contact and close cooperation between thousands of "cells" have formed a vigorous market environment in China.When the certified public accountants carry out the audit work on the financial situation of a company,they can not separate it from the whole capital market The field is cut and split separately.Therefore,this paper also aims to promote certified public accountants to observe the audited unit more from the market as a whole,find traces of fraud in the daily economic business and trading activities of the audited unit,and reduce the possibility of false audit opinions.