KH公司财务造假案例研究

发布时间：2019-01-02 14:54

【摘要】：我国证券市场已经探索发展了 20多年,如今已有数千家上市公司。伴随着经济发展,我国证券市场相关法律与制度也越来越健全,不仅建立了全国统一的证券监管体制,还带动了金融体制的改革与发展,加速社会转型。虽然我国证券市场发展迅猛,但毕竟起步较晚,发展时间短,暴露出诸多问题。上市公司IPO造假、财务舞弊事件也是时有发生。从最初的深圳原野、红光实业和银广夏财务造假案到最近的万福生科、华锐风电和金亚科技造假事件,大量财务造假舞弊案件暴露出来。这不仅会打击广大投资者的信心、降低资本市场活力,更是严重扰乱正常经济秩序、公然挑衅政府权威。近年来,资本市场“并购重组”魔力显现,A股迎来并购重组热潮。统计数据显示,2013年至今近2000家上市公司发生或准备进行并购重组来借壳上市。借壳上市,就是一家资产雄厚且未上市的公司,通过收购、资产置换等方式获得一家上市公司的控制权之后达到母公司上市的效果。中国证监会曾发布《上市公司重大资产重组管理办法》、《上市公司重大资产重组信息披露工作备忘录第七号借壳上市的标准和条件》等有关规定规范借壳上市过程,虽说公司一上市就意味着要接受社会各界监督,但为了募集更多资金,不乏自作聪明的企业通过违反法律法规、违背道德诚信的方式以身犯险,利用财务造假来粉饰业绩,为投资者打造出一个又一个海市蜃楼。而这种行为严重影响了证券市场的健康发展,必须重拳出击加以规制。KH公司是妄图通过粉饰报表谋求借壳上市的典型代表,被称为“第二个万福生科”,2016年2月14日,中国证监会对KH公司的财务造假行为做出严厉处罚,为我国证券市场敲响一记警钟。本文深入剖析KH公司造假事件,主要分为四大部分,先是阐述了文章的研究背景以及研究目的与意义,总结研究内容与方法。接下来对KH公司案例进行描述,主要对KH公司及此次借壳上市的借壳方——BS股份有限公司进行简单介绍,再描述KH公司具体造假行为。第三部分主要对此次财务造假采用的手段进行分析,并运用GONE理论结合KH公司的具体情况分析此次造假事件的动因。最后为启示与建议,从KH公司案例分析中发现的问题及动因出发,提出针对性建议。
[Abstract]:China's securities market has explored and developed for more than 20 years, now there are thousands of listed companies. With the development of economy, the relevant laws and systems of China's securities market are becoming more and more perfect. It not only establishes a unified national securities regulatory system, but also promotes the reform and development of the financial system and accelerates the social transformation. Although the securities market of our country develops rapidly, but after all, it starts relatively late, the development time is short, exposed many problems. Listed companies IPO fraud, financial fraud is also happening from time to time. From the original Shenzhen Plains, Hongguang Industrial and Silver Guangxia financial fraud cases to the recent Wanfu Shengke, Sinovel wind power and Jinya science and technology fraud, a large number of financial fraud cases were exposed. This will not only damage the confidence of the majority of investors, reduce the vitality of the capital market, but also seriously disrupt the normal economic order, openly defy the authority of the government. In recent years, the capital market "M & A" magic appears, A-share usher in M & A boom. Statistics show that nearly 2000 listed companies in 2013 or are about to undertake mergers and acquisitions to go public through backdoor. Backdoor listing is a strong and unlisted company, through acquisition, asset exchange and other ways to obtain the control of a listed company to achieve the effect of the parent company listing. The CSRC has issued the measures for the Management of Major assets restructuring of listed companies, the working Memorandum on Information Disclosure of material assets reorganization of listed companies, and the criteria and conditions for backdoor listing, and other relevant provisions to regulate the process of backdoor listing. Although the listing of a company means accepting supervision from all walks of life, in order to raise more funds, many self-employed enterprises commit risks by violating laws and regulations, violating moral integrity, and using financial fraud to whitewash their performance. Create one mirage after another for investors. This behavior has seriously affected the healthy development of the securities market and must be heavily regulated. KH Company is a typical representative of trying to obtain a backdoor listing through whitewash statements, known as "the second Wanfusheng Branch," on February 14, 2016. China Securities Regulatory Commission (CSRC) severely penalizes the financial fraud of KH Company, which is a wake-up call for China's securities market. This paper deeply analyzes the fraud incident of KH Company, which is divided into four parts. Firstly, the research background, purpose and significance of the article are expounded, and the research contents and methods are summarized. Then it describes the case of KH, mainly introduces KH Company and BS Co., Ltd., which is listed in the backdoor, and then describes the counterfeiting behavior of KH Company. The third part mainly analyzes the means of this financial fraud, and uses GONE theory combined with the specific situation of KH company to analyze the cause of the fraud. Finally, in order to enlighten and suggest, from the KH company case analysis found the problem and motivation, put forward targeted suggestions.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F324;F302.6

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