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Financial report as one of the medium for the transmission of information is an important basis for investment decisions in the securities market participants, stock market effectively run, play the basis of the resource allocation function, Fraudulent financial reporting, however, greatly affect its function. Fraud a long history of financial reports of listed companies, the hazards widely in recent years, there is a growing emphasis on the prevention of financial fraud, but with little success, not only failed to curb financial fraud, but to promote a number of listed companies to adopt a more tricky anti-fraud means of financial reporting fraud greatly intensified the trend. Identify financial reporting fraud problem is a worldwide problem, with the growing fraud problem, theoretical and practical research scholars are beginning to look gathered here, hoping to find an effective way to be identified, and trying to solve this problem. This article is starting from the fact that, according to the China Securities Regulatory Commission in 2003-2009 due to the financial reporting fraud and public punished listed companies, carried out a detailed description of the type of Chinese listed companies' financial reporting fraud and means obtained some common fraud company, the difference is not fraud company characteristics, and the design of non-financial indicators from the financial dynamic index indicators and reflect the company's internal control and governance situation explanatory variables, the use of non-parametric test of 20 financial Dynamic Index indicator and 8 non-financial indicators in the fraud and non-fraud two sets of sample data, a significant level of testing, the use of correlation analysis and factor analysis of indicator variables gradually eliminate fraudulent financial reporting and screening, and finally using logistic regression methods to identify model, the empirical results show that fraud asset quality index, earnings quality index, the index of accounts receivable turnover, total assets accrued index, index of assets and liabilities, the cash liabilities than the index, the index of short-term funding sources, interest earned multiples index cash income than the index, flow index, index of ROE, chairman of the board is also the CEO the H 5 index, Z index, type of audit opinion and normal company a significant difference, the correct classification of the model rate of 90%. Governance of financial reporting fraud problem, the proposed solution strategy from two aspects of internal governance and external supervision of listed companies. The main innovations of this paper is to be specific indicators of various factors affect and reflect the financial fraud, the introduction of financial dynamic index indicators reflect the corporate governance of listed non-financial indicators, and using a variety of methods, extracted from multiple angles The major factor in the process of building recognition model, changes in indicators of the cash flow into the model indicators screening and extraction system to improve the detection accuracy.
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