Corporate Financial Fraud and Countermeasures in the Internet Era
1
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
With the advent of the internet age and the outbreak of COVID-19, many companies have embraced online trade. However, due to the way the cyber economy works, the number of companies engaged in financial fraud by falsifying their transaction amounts and customer numbers has been gradually increasing. The purpose of this study is to analyze financial fraud of companies in the Internet era and to present solutions. Therefore, this study analyzed the financial fraud behavior of Luckin Coffee in China as an example and studied the causes and countermeasures of financial fraud. As a result, it was found that the cause of financial fraud lies in the opacity of cash flows from online transactions. The recommendations proposed by this study is to improve internal control systems in companies, develop risk management system, and establish comprehensive external supervision system
Abstract
With the advent of the internet age and the outbreak of COVID-19, many companies have embraced online trade. However, due to the way the cyber economy works, the number of companies engaged in financial fraud by falsifying their transaction amounts and customer numbers has been gradually increasing. The purpose of this study is to analyze financial fraud of companies in the Internet era and to present solutions. Therefore, this study analyzed the financial fraud behavior of Luckin Coffee in China as an example and studied the causes and countermeasures of financial fraud. As a result, it was found that the cause of financial fraud lies in the opacity of cash flows from online transactions. The recommendations proposed by this study is to improve internal control systems in companies, develop risk management system, and establish comprehensive external supervision system
참고문헌 (18)
- J. Y. Wang, "The Reasons and Countermeasures of Financial Fraud of Listed Companies in the Era of Network Economy", Market Modernization, 15, pp.161~164 (2020)[DOI]
- Z. P. Hui, "Innovation of New Retail Enterprise Audit Mode in Mobile Internet Era", Communication of Finance and Accounting, 23, pp.1~7 (2020)[DOI]
- H. Ibrar, "Detection of Anomalous Transactions in Mobile Payment Systems", International Journal of Data Analytics, 2, pp.58~66 (2020)[DOI]
- X. Xu, "On the Reform and Innovation of Financial Management Mode of Large Retail Business Enterprises", China Business and Market, 35, pp.85~86 (2019)[DOI]
- A. P. Georgios, "Financial Literacy and Responsible Finance in the FinTech Era : Capabilities and Challenges", The European Journal of Finance, 26, pp.297~301 (2020)[DOI]
- D. Kopun, "Application of Data Mining Techniques in the Detection of Financial Statement Fraud", Journal of Accounting and Management, 2, pp.97~114 (2020)[DOI]
- J. P. Qin, "Accounting Fraud in Listed Companies : Review and enlightenment of foreign Studies", Accounting Research, 6, pp.69~74 (2005)[DOI]
- T. T. Ken, "Triangulation of Audit Evidence in Fraud Risk Assessments", Accounting, Organizations and Society, 37, pp.41~53 (2011)[DOI]
- C. N. Hu, "A Case Study on Financial Fraud of New Green Stock Based on GONE Theory", Hebei Enterprises, 11, pp.11~12 (2020)[DOI]
- J. N. Jia, "The Reasons and Countermeasures of Financial Fraud of Listed Companies", Accounting Learning, 16, pp.35~36 (2020)
- Y. Singh, "Sora Marpe Fraud Detection in Financial Statements Using Text Mining Methods: A Review", IOP Conference Series: Materials Science and Engineering, 1020, pp.12~14 (2021)
- S. Pallavi, "A Structured Review and Theme Analysis of Financial Frauds in the Banking Industry", Asian Journal of Business Ethics, 5, pp.1~17 (2020)[DOI]
- Y. Mehak, "The Rising Trend of Fraud and Forgery in Pakistan’s Banking Industry and Precautions Taken Against", Qualitative Research in Financial Markets, 13, pp.215~225 (2021)[DOI]
- W. Mimin, "Pengaruh Profrsionalisme Auditor Internal Terhadap Pencegahan Dan Pendetekslan Kecurangan", Jurnal Riset Akuntansi dan Keuangan, 3, pp.586~602 (2015)[DOI]
- Y. F. Shi, "Analysis on the Causes and Countermeasures of Financial Fraud of Lucky Coffee", China Business & Trade, 22, pp.11~12 (2020)[DOI]
- P. Manning, "Exploiting the Social Fabric of Networks : A Social Capital Analysis of Historical Financial Frauds", Management & Organizational History, 13, pp.191~211 (2018)[DOI]
- S. N. Carolyn, "Internal Audit Reporting Lines, Fraud Risk Decomposition, and Assessments of Fraud Risk", Accounting, Organizations And Society, 35, pp.546~557 (2009)[DOI]
- S. M. Ge, "Analysis and Countermeasures of Financial Fraud of Listed Companies : Taking Greencool Incident as an Example", Finance and Market, 5, pp.4~11 (2020)[DOI]