The agricultural listed company is an important part of listed companies in China and important organizational form of modern agriculture. In recent years，the financial frauds in some agricultural listed companies not only have caused heavy losses to investors，but also have badly twisted the function of resource allocation in securities market. The very low tax cost of falsification should be one of the important causes of frequent financial frauds in some agricultural listed companies. An analysis of the specificity of the agricultural listed company itself will be an important perspective of analyzing falsification. Precaution and countermeasures include enhancing the professional ability and comprehensive quality of auditors and increasing the cost of illegality by means of more reasonable institutional arrangement.