Study on Financial Fraud Case of Wanfu Shengke
|School||Shandong University of Finance and Economics|
|Keywords||wanfu shengke financial fraud Preventive measures Managementrecommendations|
In the20years of China’s capital market, financial fraud issue has been there withtime.There was Yin guang xia in motherboard infamous early, small plates green earthadmitted Financial fraud recently. In2012, with “the first deep processing of rice stocks"honor wanfu shengke (300268) admitted financial fraud, counterfeiting became the firstGEM stocks.wanfu shengke was suspected of being involved in financial fraud and withan emergency stop.As the first financial fraud GEM IPO shares, wanfu shengke event hada very bad influence, which seriously affect the stock market investors on the securitiesattitude and confidence. Compared with the previous financial fraud,the problems ofwanfu shengke are more subtle and difficult to find. Analysis of its financial fraud motives,identifying the company’s financial fraud means throughout the process, which helps alertthe relevant authorities.The analysis plays an irreplaceable significance role in the stockmarket for the healthy development of securities.To analyze wanfu shengke financial fraud case, this article uses a combination oftheory and practice and combines qualitative analysis and quantitative analysis methods.First, Describe the entire event process in detail, and then, using the knowledge ofaccounting and financial management knowledge to analyze its financial statements,financial indicators of the company. Then summarize the method involved in financialfraud, including how inflated revenue, fictitious assets. The next part of the analysis of theevents leading to the motives and conduct in-depth analysis of the major internal andexternal factors into its own problems in two parts. Finally,According to the case of fraud,causing companies, regulators and intermediaries to make reflection, to take appropriatemeasures to resolve and improve measures and create a favorable investment environmentfor the majority of investors.