Research On The Causes And Countermeasures Of Financial Fraud In Rongtai Of Guangdong Based On Triangle Theory

With the rapid development of economy,the capital market is also developing rapidly.The number and scale of listed companies are constantly expanding,and the overall development of listed companies is relatively good.A series of laws,regulations and supervision systems have been formed in the securities market of our country.In 2020,the new Securities Law has been formally implemented,and the securities market has been standardized and improved constantly.However,in order to meet their own needs,some enterprises still use whitewash financial statements,provide false financial information and other means,which damages the rights and interests of the majority of investors and greatly destroys the order and sound and steady development of the securities market.In the case of strengthening supervision and punishment of financial fraud is still not well solved,it is necessary to analyze the problem of financial fraud,explore the causes of fraud,analyze its prevention and management methods to curb the occurrence of financial fraud,to maintain the operation and development of the securities market has an important role.This dissertation takes the financial fraud case of Guangdong Rongtai,the first penalty case of the new Securities Law,as the research object.Based on the fraud triangle theory,this dissertation summarizes the theoretical viewpoints by combing and summarizing the research results of domestic and foreign scholars on financial fraud,and clarifies the research methods and ideas of this paper.According to the research,the means of financial fraud of Guangdong Rongtai mainly include non-disclosure of related parties and inflated profits,and there are excessively high pledges of major shareholders,excessively high accounts receivable ratio and abnormal financial indicators of both deposits and loans.This paper uses the fraud triangle theory to analyze the causes of financial fraud of Guangdong Rongtai from the perspectives of pressure,opportunity and excuse,and puts forward governance suggestions from the aspects of enterprise management,independent directors,internal control,audit independence,audit procedures and external regulatory sensitivity,so as to provide reference for standardizing the management of securities market.