Identification and Prevention of Financial Fraud for Enterprise Stock
Li Ja · Shandong Metallurgy · 2007
Enterprises of lacking integrity often make financial fraud by fabricating false information, arbitrarily changing in inventory valuation, accounting nonstandard inventory cost and artificially adjusting account etc. The inventory financial fraud can be audited and recognized effectively through the audit procedures of monitoring and checking the inventory and analytical procedures. At the same time, it can be prevented by improving the internal control system for inventory, advancing checking ability and increasing the degree of penalties for financial fraud and so on.