Abstract
With the diversified development of contemporary China ' s economy, the rapid growth of high-quality economy, but fraud occurs frequently, emerge in endlessly. This paper introduces the theoretical knowledge, reviews the case of CITIC Guoan, and expounds the background and fraud situation of the company. Then through the analysis of CITIC Guoan ' s financial fraud cases of A-share listed companies for seven consecutive years, this paper comprehensively summarizes the means of fraud from six aspects, triggering the thinking of business ethics and accounting professional ethics. Finally, from the staff, management and external supervision and management of listed companies to prevent financial fraud recommendations.
Highlights
Today, China is in a great change that has not happened in a century, and China is facing unprecedented shocks and challenges
This paper analyzes the typical cases of CITIC Guoan financial fraud, analyzes its means, and the resulting business ethics and accounting professional ethics issues
The company carries on the financial falsification with the false method, has obviously violated the enterprise business ethics to abide by the principle of honesty and trustworthiness
Summary
China is in a great change that has not happened in a century, and China is facing unprecedented shocks and challenges. Due to high-quality economic growth, a small group of criminals risked for their own private interests. Financial frauds such as Enron and Lehman Brothers events, and domestic financial frauds such as Yinguangxia and Zhangzidao events occur frequently and emerge in an endless stream. The author believes that in addition to rules and regulations, enterprises should be guided to consciously and unconsciously abide by business ethics and accounting professional ethics, so that they do not dare to falsify, do not falsify, can not falsify. This paper analyzes the typical cases of CITIC Guoan financial fraud, analyzes its means, and the resulting business ethics and accounting professional ethics issues
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