This is also one of the important functional departments to prevent economic crimes. Every year, the local securities regulatory commission will conduct on-site inspection of listed companies within a certain range by random sampling, which not only saves manpower and material resources, but also plays a good preventive role. In the process of inspection, once financial fraud is found, hell to pay will be punished. For many listed companies, this is also the time to fight for luck.
The other is that they will appoint a supervisor in some listed companies to be responsible for the daily risk management tracking reports and public opinions of these companies, which can play a regulatory role for large companies to a great extent, and can also feedback some financial problems from the scene in time. Second, the annual report audit of listed companies will also be inspected every year, initiated by the accounting department. In the process of auditing, accountants will sort out and summarize the whole financial situation of listed companies, and it is easy to find some financial fraud behaviors of the companies, which will be fed back at different levels, and finally will be audited by the CSRC once it is serious.
Then, after receiving some reports and complaints, due to the huge number of companies to be managed by the CSRC, it is very labor-intensive and material. If you can get the first-hand report information inside the company, it is a very reliable and powerful means to deal with financial fraud Following the clues provided by the whistleblower, these financial fraud problems can basically be accurately cracked down.