Fushun Special Steel Financial Fraud Case Study

Since the 1990s,after more than 20 years of development,China's capital market has gradually grown and grown,becoming an important force to promote China's economic transformation and upgrading,and enhance its social status and international influence.However,there are many problems behind the bright capital market.From the collapse of Lantian's "performance myth" to wanfushenke's "three sets of account books";from Abbott's "transnational fraud" to kangdexin's "mystery of ten billion capital".In recent years,listed companies have been exposed to financial fraud one after another.The fraud techniques are constantly changing and innovating.The amount involved in fraud is increasing by an order of magnitude,which is exaggerated.This will seriously disrupt the order of the capital market,seriously endanger the national financial security and financial stability,with obvious social harm.Therefore,it is of positive significance to study the mechanism of fraud in time and put forward corresponding countermeasures to reduce the financial fraud of listed companies,stabilize the order of capital market and protect the vital interests of the majority of stakeholders.Information disclosure is the cornerstone of the capital market,and the most basic bottom line is not to say false words or do false accounts.Therefore,in order to keep the red line of true information disclosure and avoid the recurrence of fraud events,this paper selects financial fraud events of Fushun Special Steel as the research object,according to the logical thinking of finding,analyzing and solving problems,using case study method and data analysis method,in-depth analysis of the causes and means of financial fraud of Fushun Special Steel,and puts forward corresponding countermeasures Governance recommendations.This paper is divided into the following six parts:the first part is the introduction.On the basis of the background and significance of financial fraud research,this paper combs the research of domestic and foreign experts and scholars on the motivation,means and governance of financial fraud,and then forms the research content and research methods of financial fraud in this paper,forming a technical roadmap.The second part is related concepts and theoretical basis.This part elaborates the concept of financial fraud and classical fraud research theory.The third part is the introduction of financial fraud cases in Fushun Special Steel.This part includes the background information of the case and the process of fraud,and introduces the punishment after the "east window incident".The fourth part is the financial fraud case analysis of Fushun Special Steel.Based on the theory of gone,this part analyzes the motivation of financial fraud in Fushun Special Steel,then analyzes the means of fraud,and finally expounds the adverse consequences.The fifth part is the suggestions to prevent financial fraud.Based on the causes of fraud,this part puts forward suggestions to prevent financial fraud of listed companies from four angles of "greed,opportunity,demand and exposure".The sixth part is the conclusion and Prospect of this paper.