| Since the reform and opening up,the development of China’s securities market has been further developed and expanded.Along with the rapid development of the securities market,there are also difficulties of corporate financial fraud,which brings harm to all walks of life and has become a topic of significant concern for all sectors of society.Although the relevant institutions are constantly improving the regulatory mechanism and penalties,the phenomenon of financial fraud is still frequent and occurs in increasingly large amounts,which has a very serious negative impact on the majority of investors.Agriculture is the "ballast" of the stable economy and society.The report of the twentieth anniversary clearly proposed to accelerate the construction of a strong agricultural country.This cannot be done without the support of technology and capital markets.However,due to the difficulties that the products are affected by natural conditions,the long production cycle,the difficulty in accounting for inventories,and the predominance of cash in transactions,financial fraud of listed agricultural companies has occurred from time to time,causing extremely serious disruptions to the capital market.The audit of agricultural listed companies faces more severe difficulties and challenges,shaking the trust of the auditing profession.In order to improve the quality of financial reports of listed agricultural companies,this paper selects Kingenta as a typical case,with a view to suggesting financial fraud and control related to listed agricultural companies.Based on the existing domestic and foreign research results,this paper collects some fraud cases of agricultural listed companies in the past ten years,analyzes the fraud characteristics of these companies according to the characteristics of the agricultural industry;selects Kingenta,an agricultural listed company with complex fraud methods,large amount of fraud,and long time span of fraud,as the object of analysis,summarizes the process and means of its financial fraud;analyzes the motivation of fraud,and finally The main conclusions and recommendations of this paper are The main conclusions and recommendations of this paper are: first,improve the capital market system to ease the financing and performance pressure of agricultural enterprises;second,optimize the equity structure and organizational structure and improve the internal control system to reduce the fraud opportunities of agricultural listed companies;finally,use effective financial early warning mechanism,high-quality external audit,multi-dimensional penalty system and the development of new technologies to increase the exposure of fraud and improve the cost of fraud.possibility and increase the cost of fraud.It is hoped that the research in this paper will help external auditors to identify and respond to agricultural financial fraud problems,regulators to prevent and deal with agricultural financial fraud events,and help the legal and orderly development of agricultural listed companies to protect the interests of investors and the public. |
