上市公司财务舞弊实证分析

Empirical Analysis of Fraudulent Financial Affairs of Listed Companies

在奔福德定律的基础上,选取被证监会因舞弊而处罚的上市公司为样本,并对每个样本公司进行配对,利用样本公司和配对公司财务数据进行实证测试,发现舞弊样本公司更可能通过利润表造假,财务报表第四季度真实性最低。因此,加大对利润表及第四季度监督审查力度可以降低舞弊的可能性。

Based on Benford＇ s Law, the paper takes listed companies punished by China Securities Regulatory Commission because of fraudulent financial affairs as sample, pairs each sample company, has an empirical test of financial data of sample company and paired company, and draws a conclusion that listed companies with fraudulent financial affairs are likely to make up profit sheets and the data of the fourth quarter is lowest in authenticity. Therefore, it is necessary to strengthen supervision and auditing of profit sheets and the data of the fourth quarter to reduce the possibility of fraudulent financial affairs.