A Case Study Of Financial Fraud In Zhengzhou Sino-Crystal Diamond Company Based On Fraud Risk Factor Theory

Through financial fraud,listed companies seriously damage the interests of investors and creditors,mislead the users of financial information,lead to huge losses for investors,break the market economic order,destroy the integrity of the market,and seriously damage the interests of the state and investors.In recent years,the listed company financial fraud field increased,fraud and illegal ACTS related,fraud case is complex,systemic and long-term,if the circumstances are serious and serious consequences,are common in the financial fraud of listed company of all countries,such as foreign cases of enron and worldcom financial fraud,etc.Domestic roebuck island,xin tai electric,great wisdom,Kant’s new,sig pharmaceutical industry and a series of financial fraud cases,listed companies use a variety of complex and covert means to whitewash financial data,these methods all capital markets suffered severe damage,damage to the healthy development of capital market,study the motive for fraud,fraud identification from the financial statements,To strengthen the construction,improvement and implementation of internal control system and external supervision measures has become an important subject of management scholars all over the world.By fraud risk factor theory that moral quality,fraud motivation,opportunity for fraud,the possibility of fraud was found,the penalty degree for fraud combined with financial statement analysis of fraud identification,based on the analysis of the fraud and diamond case company to find motivation and identification method,into the frontal Suggestions to consummate the internal prevention mechanism,strengthen the internal control,Suggestions on improving the competitiveness of the company,strengthening the quality of external audit and strengthening external supervision to prevent financial fraud.The thesis consists of six parts.The first and second parts are the reference of literature review and the introduction of relevant concepts and theories,including the research background and significance,domestic and foreign references,the research methods and technical routes,and the definition of relevant concepts and characteristics of financial fraud,fraud risk factor theory and internal control.The third part introduces the financial fraud cases of Yu Diamond.This part introduces in detail the company situation of Yu Diamond,the means of fraud and the impact on all sectors of society.The fourth part is mainly to make diamond using the theory of fraud risk factors,the analysis of financial fraud,from the quality of high-level personnel,motivation,opportunity and the possibility of fraud was found and the nature of fraud be punished and the degree of angles to explore the motivation,combined with the diamond prepare financial statements analysis,which can identify abnormal items in order to find fraud problems in time,Minimize losses for investors and creditors.The fifth part from the company’s internal control of the construction,improvement and implementation,external audit should strengthen the responsibility,external regulators should improve the place to put forward suggestions,to prevent such financial fraud cases in other listed companies.