Since the rise of Chinese securities market,listed companies have been financial fraud.Abroad,the United States'Southern Health,Enron,World Communications Corporation and other Fortune 500 companies have financial fraud,and domestic financial fraud cases often occur.Domestic financial fraud cases,such as Qiongminyuan,Yinguangxia and Zheng Baiwen fraud cases,and subsequent financial fraud cases such as Lotus MSG and Tianjin Magnetic Card.The financial fraud of listed companies not only seriously affects the judgment and decision of investors,but also has a serious impact on the capital market and hinders the sustainable development of the social economy.Therefore,it is very important to prevent and control financial fraud.
Western accounting circles have done a lot of research on financial fraud,which is of great significance for the identification and governance of financial fraud in China.However,considering China's economic and legal environment,the study of financial fraud of listed companies in China must be based on China's specific national conditions.Based on theoretical research and case analysis,combined with financial fraud motivation,governance theory analysis and lotus gourmet powder fraud case analysis,this paper discusses and analyzes the financial fraud behavior of listed companies in China.
