Jiu Hao Group analyzed the consequences of financial fraud from the perspective of information asymmetry.

All right. If the company makes false records or conceals important facts in the financial and accounting reports and other materials provided to the relevant competent departments according to law, the relevant competent departments shall impose a fine of not less than 30,000 yuan but not more than 300,000 yuan on the directly responsible person in charge and other directly responsible personnel.

1, seriously destroying the financial system, misleading the superior leaders and relevant decision-making departments, and then causing decision-making mistakes, causing great losses to production and work.

2. If the listed company makes financial fraud, it will be more serious, which will deceive investors and even constitute fraud.

3. Financial fraud will promote corruption and cause serious social harm.