销售循环的失控：基于瑞幸咖啡财务舞弊案的内部控制失效分析

Loss of Control in the Sales Cycle: An Analysis of Internal Control Failures Based on the Luckin Coffee Financial Fraud Case

摘要: 本研究选取瑞幸咖啡财务舞弊案为案例，着重分析在销售与收款的循环出现的内部控制的失效。分析主要基于公开调查数据，结合COSO框架和相关内控理论，揭示出瑞幸咖啡内部控制的弊端。其重大舞弊主要由于其内部环境的扭曲、风险评估的缺失、信息沟通的无效、监督机制的失灵、控制活动的不合理。本研究还构建了从激进战略传导至具体舞弊行为的路径传导模型。最后，从企业文化、数字化内控、监管等方面提出了针对性启示。

Abstract: This study selects the Luckin Coffee financial fraud case as a case study, focusing on analyzing the failures of internal control within the sales and collection cycle. The analysis is primarily based on publicly available investigation data and integrates the COSO framework and relevant internal control theories to reveal the deficiencies in Luckin Coffee’s internal control system. Its significant fraud stemmed mainly from the distortion of its internal environment, the absence of risk assessment, ineffective information communication, the breakdown of monitoring mechanisms, and inadequacies in control activities. This study also constructs a path transmission model illustrating how an aggressive strategy led to specific fraudulent behaviors. Finally, targeted insights are proposed regarding corporate culture, digital internal controls, regulation, and other aspects.