An Analysis of Characteristics of Duty Encroachment Crime by SOE Executives and Prevention Measures from Accounting Perspective
Jianhong Chen · Contemporary Finance and Economics · 2013
The duty encroachment crimes conducted by executives of state-owned enterprises refer to the criminal behaviors conducted by executives of the state-owned enterprises,who,in pursuit of personal economic interests,take advantages of their positions to feather their nest and damage the interests of enterprises through corruption,bribery,misappropriation and encroachment,which should be subject to criminal penalties.This kind of duty-related crimes often has such characteristics as high rate of involvement,large amount of money,long incubation period,with a trend of frequent occurrences.It seems inevitable to prevent this kind of crime because of fuzzy property rights of state-owned enterprises,weak oversight of the operators due to unclear property rights boundaries,as well as failure of the internal control system caused by the appointment system of the executives of state-owned enterprises and the malpractice of long term;while the accounting skills have become important sheltering umbrellas for the type of job-related crimes.Therefore,it is necessary to reform the state-owned enterprises,such as to diversify the shareholding structure,to find executives from the markets for managers,and to put into effect the system of job rotation at necessary positions;at the same time,to implement an effective external oversight system and pay close attention to abnormal accounting information,so as to effectively prevent the occurrence of the job-related encroachment crimes.