Research on Financial Fraud from the Perspective of Internal Control of Changyuan Group

Abstract

The rapid development of the capital market has boosted the growth of the national economy, however financial fraud is widespread. These financial fraud instances not only caused enormous economic losses for investors but also raised public concerns about the legitimacy of the capital market. This paper utilizes the financial fraud of Changyuan Group as a case study, employs literature research and case analysis methods, analyzes the reasons for the distortion of corporate accounting information from five elements of internal control, and provides corresponding perfect solutions.