财务造假的不良后果和影响.docVIP

财务造假的不良后果和影响 来源：天和网 核心提示：美国上市公司发生的财务造假往往导致企业破产或倒闭，投资者损失惨重，公司高管遭严重惩罚。 According to a new study by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), fraudulent financial reporting by U.S. public companies has significant negative consequences for investors and executives. 天和网天和财务频道消息：根据COSO（反对虚假财务报告委员会的发起委员会）的一项新研究显示，美国上市公司的虚假财务报告对投资者和高管的有显着的负面影响。 The COSO study, which examined financial statement fraud allegations investigated by the U.S. Securities and Exchange Commission over a ten-year period, found that news of an alleged fraud resulted in an average 16.7 percent abnormal stock price decline in the two days surrounding the announcement. Companies engaged in fraud often experienced bankruptcy, delisting from a stock exchange, or asset sale, and in nine out of ten cases the SEC named the CEO and/or CFO for alleged involvement. COSO的这项研究审查了10年间被美国证券交易会指控为财务报表造假的案件，研究发现被指控造假的新闻，导致公布消息以后的两周内股票价格平均下降16.7％。涉及造假的公司往往会经历破产，从证券交易所退市，或者出售资产，美国证券交易会指出，其中90%的首席执行官和/或首席财务官都涉嫌欺诈。 COSO Chairman David Landsittel said the study’s in-depth analysis of the nature, extent, and characteristics of accounting frauds provides helpful insights regarding new and ongoing issues that need to be addressed. “All parties involved in the financial reporting process need to continue to focus on ways to prevent, deter, and detect fraudulent financial reporting,” Landsittel said. “COSO plans to sponsor additional research on fraudulent financial reporting, as well as the development of further internal control-related guidance to assist those involved in the financial reporting process.” COSO主席戴维?兰西特尔说，本次研究深入分析了会计造假的性质、程度和特点，为解决新的和持续的问题提供了有益的见解。“在财务报告过程中所涉及的所有各方需要继续把重点放在预防，阻止和检查欺诈性财务报告的方法上来”，兰西特尔说。“COSO计划发起更多对虚假财务报告以及发展进一步的内部控制指导的研究，以帮助财务报告过程中所涉及到的那些人们。” The study, Fraudulent Financial Reporting: 1998-2007, examines nearly 350 alleged accounting fraud cases investigated by the SEC. It shows: -Financial fraud affects companies of all sizes, with the median company