Research On Financial Fraud Of Listed Companies Based On GONE Theory

In the domestic and foreign capital markets,financial fraud has been in a regular situation.Although relevant regulators make full use of the Internet and high-tech technology to strengthen the supervision of listed companies,such as the Golden Tax service Phase III,so that all business activities of corporate taxpayers can be within the scope of the tax authorities,so that tax evasion and other financial fraud nowhere to hide;Another example is the reform of the registration system of pilot stock issuance,which began in 2018 and was fully released and implemented on February17,2023.The system mainly supervises listed companies in a more open and transparent way,improves the investment,financing and delisting system of listed companies,and strengthens the supervision and efficiency of the overall process implementation.But from the data obtained from the official website of the CSRC,the number of financial fraud cases of listed companies continues to rise year by year.Such a development is not to be expected,because these measures do not address the root causes of financial fraud carried out by listed companies,and can only be said to treat the symptoms rather than the root causes.Even as regulators take advantage of high technology to strengthen their oversight,some listed companies,lured by high profits,naturally use advanced technology to make financial fraud more hidden,in more novel and sophisticated ways.Although the topic of financial fraud has been discussed for decades,experts and scholars at home and abroad have analyzed and explored the problems in this area from various perspectives,but from the perspective of the current growth trend of corporate financial fraud and the continuous innovation of means,the research in this area can not be stopped.This article has collected and consulted a large number of relevant materials at home and abroad,and carefully analyzed some representative cases of financial fraud in listed companies.On this basis,it starts with the relevant theories of financial fraud and common fraud means,and summarizes and summarizes the problems in this regard;Then,based on GONE theory and a listed company A whose financial fraud was punished by the CSRC was selected as the research object.It reviewed the IPO application materials and financial reports of company A after listing by means of undercounting accounting items,undisclosed related relationships and transactions,combined with the four elements of GONE theory to analyze the causes of its fraud,and listed the possible consequences;Finally,from the four dimensions of greed,opportunity,demand and exposure,this paper proposes how to identify and prevent financial fraud of listed companies,in order to help regulators effectively control financial fraud.This paper draws the following conclusions through the case study of Company A: First,the auto parts industry has always had a dispute over the cost of San Bao claims,which makes it difficult to determine the accounting period,laying a foundation for listed companies in this industry to implement financial fraud;Secondly,due to the untimely discovery by the regulatory authority and the imperfect supervision system,it provides the time and space for listed companies to implement financial fraud;Finally,due to the lack of professional competence and due diligence of the intermediary agencies providing services for listed companies,they have indirectly become the "booster" for listed companies to implement financial fraud.Therefore,the financial fraud of listed companies need to consider the different industries for different research and treatment,at the same time should vigorously strengthen the requirements of related supervision of listed companies.