Author(s)

Lanjing Chen

Corresponding Author

Lanjing Chen

ABSTRACT

With the development and improvement of the securities market, the high-speed dissemination and high transparency of market information have become the characteristics of the time. As a result, more and more investors pay attention to the financial reports of listed companies in order to obtain their financial status and make investment decisions. At the same time, the revelation of financial falsification of listed companies is also common. Financial falsification not only threatens the healthy development of securities market, but also touches the personal interests of investors. The typical case of Zhengzhou Huajing Diamond Co., Ltd. (Yu Diamond)'s "face-turning" performance has aroused great concern from the society. The continuous falsification of its financial statements has exposed many problems and the authenticity of financial information is worth repeated consideration.

KEYWORDS

Financial Falsification, Financial Statements, Fraudulent Approach, revelations and Suggestions