Case Study of Financial Fraud in HUBEI EASTERN GOLD JADE CO., LTD.

--Based on CRIME Five-Factor Theory

DOI

10.2991/978-2-38476-277-4_163How to use a DOI?

Keywords

financial fraud; Eastern gold Jade; the CRIME Five-Factor Theory

Abstract

Financial fraud endangers the development of the capital market and damages the interests of the enterprise itself, creditors and other stakeholders. With the development of China’s capital market, the prevention and punishment of financial fraud is strengthening, the implementation of the new “Securities Law” shows that the government has zero tolerance for financial fraud. The case enterprise in this paper is a Chinese listed company, but it terminated the listing due to alleged illegal information disclosure and financial fraud. This article applies the CEIME theory to analyze the financial fraud incident of Eastern gold Jade from multiple perspectives, and provides feasible suggestions for the company’s internal, third-party accounting firms, and external regulatory agencies.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Tao Wang
AU  - Dong Tong
PY  - 2024
DA  - 2024/09/02
TI  - Case Study of Financial Fraud in HUBEI EASTERN GOLD JADE CO., LTD.
BT  - Proceedings of the 2024 10th International Conference on Humanities and Social Science Research (ICHSSR 2024)
PB  - Atlantis Press
SP  - 1448
EP  - 1456
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-277-4_163
DO  - 10.2991/978-2-38476-277-4_163
ID  - Wang2024
ER  -