Listed Companys Accounting Fraud of the Causes and...

Listed companys accounting fraud of the Causes and Prevention [ABSTRACT] from the analysis of accounting Information distortion that is illegal, because the accounting fraud, manifestations and hazards start to analyze the accounting fraud of Chinas listed companies the motivation to find out the real causes of the accounting fraud, and through drawing and learn from foreign countries in the prevention and treatment of accounting fraud experience, to present my accounting fraud prevention and treatment response. [Keywords:] listed company; accounting fraud; Governance 1, the listed companys accounting fraud and harm the performance of the form (A) the manifestation of accounting fraud†¦show more content†¦Therefore, the problem of accounting fraud will be more prominent. (B) inadequate corporate governance structure As the shareholding structure of Chinas stock market congenital defects, so that listed companies in China and Western countries are generally characterized by state-owned shares due to the dominance of the shareho lding structure, thus resulting governance structure of listed companies, including shareholders, board of directors, board of supervisors of mutual checks and balances between the distorted. (C) the accounting legislation is not perfect Since December 1990 Chinas Shanghai Stock Exchange since its inception, has successively promulgated and improve the Company Law, Securities Law and a series of laws and regulations, but the effect of the practical implementation point of view, there are still more serious defects. First, regulations promulgated lagged behind the development of practice, legislation appears to be more passive, passive plugging holes, the lack of predictability. Second, the operability of laws and regulations is not strong and poorly enforced, especially prominently reflected in the right CPA ineffective sanctions against persons outside the law, the law often to accept theShow MoreRelatedKey Elements For Commit Fraud1673 Words   |  7 PagesElements There are five elements needed to commit fraud: (1) a false statement containing material fact, (2) the defendant possesses the knowledge that the statement is untrue, (3) the false statement’s intent is to deceive the intended victim, (4) the intended victim justifiably relies on the statement, and (5) the ending result is financial injuries to the intended victim. All false statements do not constitute for fraud; it needs to contain a material fact. 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