Analysis on the Motivation and Countermeasures of Financial Fraud in ZX Company

Based on Fraud Risk Factor Theory

DOI

10.2991/aebmr.k.210712.035How to use a DOI?

Keywords

Financial fraud, Fraud risk factor theory, Telecom enterprise

Abstract

The advent of the era of big data has promoted the rapid development of China’s telecommunications enterprises. However, recently, ZX Company was given administrative punishment by China Securities Regulatory Commission for financial fraud for seven consecutive years. This fraud scandal not only brought serious losses to the majority of investors who are optimistic about the development of the telecom industry, but also caused extremely bad social impact. Based on the fraud risk factor theory, this paper firstly reviews the financial fraud event of ZX Company, then analyzes the causes of the fraud from the standpoint of ZX Company, and finally puts forward targeted prevention suggestions for the financial fraud of telecommunications enterprises.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shouyong Li
PY  - 2021
DA  - 2021/07/12
TI  - Analysis on the Motivation and Countermeasures of Financial Fraud in ZX Company
BT  - Proceedings of the 2021 International Conference on Economic Development and Business Culture (ICEDBC 2021)
PB  - Atlantis Press
SP  - 210
EP  - 214
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210712.035
DO  - 10.2991/aebmr.k.210712.035
ID  - Li2021
ER  -