Research On The Influencing Factors Of Financial Fraud Based On Fraud Risk Factor Theory

With the occurrence of financial fraud cases,such as Kangmei Pharmaceutical Co.,LTD.,Zhangzidao,Kangdexin,Luckin Coffee,Let V.com and Lantian,which caused a stir in all circles,the problem of financial fraud has gradually come into the public’s view and aroused high attention.In his important speeches in recent years,President Xi Jinping pointed out that in order to promote sustained economic recovery and high-quality development,we must strengthen macro-control,strengthen quality management of listed companies,and strengthen the investigation and punishment of all kinds of violations of laws and regulations.The promulgation of the new Securities Law aims at strengthening the supervision of listed companies in violation of laws and regulations in order to achieve the ultimate goal of comprehensively enhancing the cost of violation of laws and regulations.Listed companies and individuals in order to seek unreasonable interests,against the professional ethics of accounting,financial fraud can not be ignored.Financial fraud will not only greatly reduce the availability of accounting information,but also affect the personal interests of the majority of people,so that all sectors of the community to the accounting integrity question,but also shake the basic premise of the credit of the market economy,harm the relatively stable macroeconomic operation,resulting in corruption and bad social atmosphere.Therefore,this article from the perspective of China Securities Regulatory Commission administrative punishment,financial fraud factors are analyzed in detail.In this paper,on the basis of combing the domestic and foreign literature on the motivation,means and prevention measures of financial fraud,the administrative penalty book of China Securities Regulatory Commission(CSRC)from 2001 to 2021 is selected as the data basis,and the fraud risk factor theory is used to stratify,classify,slice and compare the data from enterprises and accounting firms.General risk factors and individual risk factors are explained.The results show that although the number of financial fraud in China is not sharply increasing at present,the diversity and concealment of fraud are stronger.Financial fraud is the result of coupling of many internal and external factors.Based on the research of general and individual influencing factors,feasible governance suggestions are put forward from the aspects of strengthening professional moral quality,enterprise internal management and social external supervision.In order to prevent the occurrence of financial fraud,to build a good social economic market environment.