A Game Analysis on Financial Fraud of Listed Companies and External Auditing:A Dynamic Game Model with Incomplete Information
Haixin Yao · Shenji yu jingji yanjiu · 2013
This article constructs a dynamic game model for corporate financial fraud and external auditing on the basis of a series of fundamental assumptions.Through the discussion of the equilibrium results,it analyzed the optimal strategies for both corporate managers and external auditors,also the possible results of the repeated games.Finally,suggestions are proposed on how to reduce the occurrence of financial frauds.