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Research on Financial Fraud Based on GONE Theory——Taking Kangzhi Pharmaceutical as an Example

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DOI: 10.23977/wepm2020.014


Yijing Guo

Corresponding Author

Yijing Guo


The continuous growth of national economy cannot do without the stable development of the capital market. According to the theory of GONE, this paper first explores the causes and motives of financial fraud, and then further proposes the methods of governance fraud, which is conducive to the healthy development of the capital market. This paper takes Kangzhi pharmaceutical company as a typical example, deeply explores the causes of fraud and then puts forward the corresponding countermeasures, and reasonably reduces the possibility of financial fraud in the domestic capital market. The countermeasures are introduced from three aspects: optimizing the ownership structure of the company, improving the quality of the audit report of the intermediary institutions, and increasing the punishment of the government.


Financial fraud, Kangzhi pharmaceutical company

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