Fraudulent Financial Reporting: Fraud Pentagon Analysis In Financial Sector Companies

Agung Prajanto; Lilik Irawati; Imang Dapit Pamungkas

doi:10.56696/ijamer.v1i2.18

Authors

Agung Prajanto Dian Nuswantoro University
Lilik Irawati Dian Nuswantoro University
Imang Dapit Pamungkas Dian Nuswantoro University

DOI:

https://doi.org/10.56696/ijamer.v1i2.18

Keywords:

Change in Auditor, Change in Director, Financial Stability, Fraud Pentagon Theory, Fraudulent Financial Reporting, Ineffective Monitoring, Number of CEO’s Picture

Abstract

The purpose of this study is to ascertain how fraudulent financial reporting are detected by fraud pentagon theory. The financial sector companies that listed on the Indonesia Stock Exchange (IDX) in 2019–2021 are the study's population. Purposive sampling is used to determine the sample, leaving 46 companies that satisfy the requirements. Logistic regression is the data analysis technique used in this study. The results indicate that while ineffective monitoring, change in auditor, and change in director had no impact on the fraudulent financial statement, however variables financial stability and number of CEO's picture are significantly influenced fraudulent financial statement.

References

Achmad, T., Hapsari, D. I., & Pamungkas, I. D. (2022). Analysis of Fraud Pentagon Theory to Detecting Fraudulent Financial Reporting using F-Score Model in State-Owned Companies Indonesia. WSEAS Transactions on Business and Economics, 19, 124–133. https://doi.org/10.37394/23207.2022.19.13

Agustina, R. D., & Pratomo, D. (2019). Pengaruh Fraud Pentagon Dalam Mendeteksi Kecurangan Pelaporan Keuangan. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 3(1), 44–62. https://doi.org/10.31955/mea.vol3.iss1.pp44-62

Beneish, M. D. (1999). The Detection of Earnings Manipulation. Financial Analysts Journal, 55(5), 24–36. https://doi.org/10.2469/faj.v55.n5.2296

Christian, N., & Visakha, B. (2021). Analisis Teori Fraud Pentagon dalam Mendeteksi Fraud pada Laporan Keuangan Perusahaan yang Terdaftar di Bursa Efek Indonesia. Conference on Management, Business, Innovation, Education and Social Sciences, 1(1), 1325–1342.

Dwi Maryadi, A., Puspa Midiastuty, P., Suranta, E., & Robiansyah, A. (2020). Pengaruh fraud pentagon dalam mendeteksi fraudulent financial reporting. Jurnal Akuntansi, Keuangan, Dan Manajemen, 2(1), 13–25. https://doi.org/10.35912/jakman.v2i1.104

Fadhlurrahman, A. N. (2021). Deteksi Fraud Financial Statement Menggunakan Model Fraud Pentagon Pada Perusahaan Yang Terdaftar di JII Tahun 2016-2018. Jurnal Ilmiah Ekonomi Islam, 7(2), 1076–1083. https://doi.org/10.29040/jiei.v7i2.2566

Faradiza, S. A. (2019). Fraud Pentagon dan Kecurangan Laporan Keuangan. EkBis: Jurnal Ekonomi Dan Bisnis, 2(1). https://doi.org/10.14421/ekbis.2018.2.1.1060

Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 Edisi 9 (9th ed.). Universitas Diponegoro.

Herviana, E. (2017). Fraudulent Financial Reporting: Pengujian Teori Fraud Pentagon Pada Badan Usaha Milik Negara (Bumn) Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2012-2016. Skripsi, 80–83.

Jullani, Mukhzarudfa, & Yudi. (2020). Detection of Fraudulent Financial Reporting Using the Perspective of the Fraud Pentagon Theory. Jurnal Akuntansi Dan Keuangan Universitas Jambi, 5(3), 158–168.

Lestari, U. P., & Jayanti, F. D. (2021). Pendeteksian Kecurangan Laporan Keuangan Dengan Analisis Fraud Pentagon. Jurnal Proaksi, 8(1), 38–49. https://doi.org/10.32534/jpk.v8i1.1491

Mertha Agung Durya, N. P. (2019). Fraud Confirmation, Client Satisfaction and Client Loyalty. International Journal of Contemporary Accounting, 1(1), 37–58. https://doi.org/10.25105/ijca.v1i1.5184

Oktaviani, H., & Febriantina, D. (2022). Teori Fraud Pentagon : Peran dalam Mendeteksi Kecurangan Laporan Keuangan (Studi pada Perusahaan Sektor Keuangan). 7(2), 190–200.

Pamungkas, I. D., Sukma, S. F., Akuntansi, D., Nuswantoro, U. D., Akuntansi, D., & Nuswantoro, U. D. (2022). Menguji Potensi Kecurangan Pelaporan Keuangan. c, 864–875.

Prajanto, A., & Pratiwi, R. D. (2016). The Impact of Corporate Cultures and Financial Ratios on the Fraudulent Financial Reporting. Dinamika Akuntansi, 8(1), 39–52. http://journal.unnes.ac.id/nju/index.php/jda

Ramos, M. (2003). Fraud detection in a GAAS audit: SAS No. 99 implementation guide. American Institute of Certified Public Accountants, Inc., 168, 1–225. https://core.ac.uk/download/pdf/288061006.pdf

Rusmana, O., & Tanjung, H. (2020). Identifikasi Kecurangan Laporan Keuangan Dengan Fraud Pentagon Studi Empiris Bumn Terdaftar Di Bursa Efek Indonesia. Jurnal Ekonomi, Bisnis, Dan Akuntansi, 21(4). https://doi.org/10.32424/jeba.v21i4.1545

Sabrina, E., Hakiki, A., Saftiana, Y., & Kalsum, U. (2020). Fraudulent financial reporting: fraud pentagon analysis in banking and financial sector companies. Issues in Business Management and Economics, 8(2), 12–24.

Septriani, Y., & Desi Handayani, dan. (2018). Mendeteksi Kecurangan Laporan Keuangan dengan Analisis Fraud Pentagon. 11(1), 11–23. http://jurnal.pcr.ac.id

Siddiq, R. F., Achyani, F., & Zulfikar. (2017). Fraud Pentagon Dalam Mendeteksi Financial Statement Fraud. Seminar Nasional Dan the 4Th Call for Syariah Paper, ISSN 2460-0784, 1–14. http://hdl.handle.net/11617/9210

Ulfah, M., Nuraina, E., & Wijaya, A. L. (2017). Pengaruh Fraud Pentagon Dalam Mendeteksi Fraudulent Financial Reporting (Studi Empiris Pada Perbankan Di Indonesia Yang Terdaftar Di Bei. Forum Ilmiah Pendidikan Akuntansi, 5(1), 399–418. Fraud, Fraud Pentagon, Fraudulent Financial Reporting

Widyaningsih, A., Himmawan, A., & Nugroho, D. (2022). Mendeteksi Fraud Pentagon Terhadap Fraudulent Financial Reporting Menggunakan Model Beneish M-score pada Perusahaan Manufaktur. SEIKO : Journal of Management & Business, 5(2), 2022–2384. https://doi.org/10.37531/sejaman.v5i2.2218