Article Sidebar

Download
Download Article

Main Article Content

Abstract

Accounting information in financial statements is very important for users of financial statements when deciding. Management tries to make these financial statements perform well. Opportunistically, managers can manipulate financial statements to make them look good, which encourages companies to commit fraud on financial statements. This study uses the Fraud Hexagon component to examine the factors that influence financial statement fraud. Fraud hexagon theory is the latest six-dimensional fraud component developed by Vousinas by adding aspects of collusion. Sample selection is based on the purposive sampling method. The analysis method used in this research is panel data logistic regression analysis through the Eviews 10 application. The results showed that opportunity, rationalization, and capability did not affect financial statement fraud. The other three components of the fraud hexagon, namely pressure, arrogance, and conspiracy, significantly affect financial statement fraud.

Keywords

Fraud Hexagon Financial Statement Fraud Logistic Regression Eviews

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

How to Cite
Azizah, W. (2024). Can the Fraud Hexagon Components Detect Fraudulent Financial Reporting?. Golden Ratio of Finance Management, 4(2), 78–86. https://doi.org/10.52970/grfm.v4i2.447
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX

References

  1. ACFE. (2018). Report To The Nations - Global Study on Occupational Fraud and Abuse: Asia Pacific. Asia Pacifica Edition.
  2. Agusputri, H., & Sofie, S. (2019). Faktor - Faktor Yang Berpengaruh Terhadap Fraudulent Financial Reporting Dengan Menggunakan Analisis Fraud Pentagon. Jurnal Informasi, Perpajakan, Akuntansi, Dan Keuangan Publik, 14(2), 105. https://doi.org/10.25105/jipak.v14i2.5049
  3. Akbar, T. (2017). the Determination of Fraudulent Financial Reporting Causes By Using Pentagon Theory on Manufacturing Companies in Indonesia. International Journal of Business, Economics and Law, 14(5), 106–113.
  4. Al Islami, M. I., Azizah, W., Lestari, A. D. P., Rizal, N., Ramahadiyanti, D. P., Irawan, I. A., Tambunan, F. R., Humaira, S. A., Abdillah, A. N., Wulansari, A. T., & Sederhana, P. (2023). Menyehatkan keuangan umkm masyarakat lembursawah, mulyaharja, kota bogor melalui implementasi pembukuan sederhana. Review of Applied Accounting Research (RAAR), 3(2), 16–22. https://jurnalnasional.ump.ac.id/index.php/RAAR/article/view/18797
  5. Ambarwati, S., Azizah, W., & Aprizalni, L. (2024). Corporate Governance Dan Manajemen Laba. Jurnal Akuntansi Dan Bisnis Indonesia, 5(1), 73–84. https://doi.org/https://doi.org/10.55122/jabisi.v5i1.1260
  6. Annisa, R. A., & Ghozali, I. (2020). Pendeteksian Kecurangan Laporan Keuangan Menggunakan Analisis Beneish M-Score Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2017-2018. Jurnal Profita, 9, 1–12.
  7. Aprilia, A. (2017). Analisis Pengaruh Fraud Pentagon Terhadap Kecurangan Laporan Keuangan Menggunakan Beneish Model Pada Perusahaan Yang Menerapkan Asean Corporate Governance Scorecard. Jurnal ASET (Akuntansi Riset), 9(1), 101. https://doi.org/10.17509/jaset.v9i1.5259
  8. Ayuningrum, L. M., Murni, Y., & Astuti, S. B. (2021). Pengaruh Fraud Diamond Terhadap Kecurangan
  9. Dalam Laporan Keuangan Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jiap, 1(1), 1–13.
  10. Azizah, W. (2017a). Opportunistic Perspective off Accrual And Real Earnings Management in Indonesia. IOSR Journal of Business and Management, 19(11), 1–05. https://doi.org/10.9790/487X-1911070105
  11. Azizah, W. (2017b). Trend and Tradeoff Between Accrual Earnings Management and Real Earnings Management In Indonesia. Jurnal Media Riset Akuntansi, Auditing & Informasi, 17(2), 159–172. https://doi.org/http://dx.doi.org/10.25105/mraai.v17i2.2079
  12. Azizah, W. (2021). Covid-19 in Indonesia: Analysis of Differences Earnings Management in the First Quarter. Jurnal Akuntansi, 11(1), 23–32. https://doi.org/10.33369/j.akuntansi.11.1.23-32
  13. Azizah, W. (2022). Pandemi COVID-19: Apakah Mempengaruhi Green Accounting di Indonesia? Review of Applied Accounting Research (RAAR), 2(2), 153. https://doi.org/10.30595/raar.v2i2.13679
  14. Azizah, W., Andamari, B. G., & Ilham, H. M. (2024). Can Fraud Hexagon Detect Financial Statement Fraud in Healthcare Sector Companies in Indonesia ? Jurnal Ekonomi, 13(01), 27–35. https://doi.org/10.54209/ekonomi.v13i01
  15. Azizah, W., Bantasyam, S., & Sinaga, L. (2020). Indonesia ’ s LQ45 Index : Tax Discount Facility and Earnings Management. IOSR Journal of Business and Management (IOSR-JBM), 22(8), 27–31. https://doi.org/10.9790/487X-2208032731
  16. Azizah, W., Fredy, H., & Wahyoeni, S. I. (2022). Income Smoothing in Indonesia : Could Reputable Auditors Suppress it ? International Journal of Business and Management Invention (IJBMI), 11(8), 67–70. https://doi.org/10.35629/8028-11086770
  17. Azizah, W., Fredy, H., & Wahyoeni, S. I. (2023a). COVID-19 and Financial Outcome in Tourism Sub-Sector Company in Indonesia. International Journal of Business and Management Invention (IJBMI), 12(4), 80–84. https://doi.org/10.35629/8028-12048084
  18. Azizah, W., Fredy, H., & Wahyoeni, S. I. (2023b). Does COVID-19 Pandemic Impact on Financial Difficulties in Indonesian Tourism Sector Companies? Quantitative Economics and Management Studies, 4(6). https://doi.org/https://doi.org/10.35877/454RI.qems2018
  19. Azizah, W., Fredy, H., & Zoebaedi, F. (2022). COVID-19: Accrual Earnings Management Practices in Pharmaceutical Companies in Indonesia. Jurnal Akuntansi, 12(3), 223–238. https://doi.org/10.33369/jakuntansi.12.3.223-238
  20. Azizah, W., Murni, Y., & Utami, R. R. (2022). Pengaruh Financial Target, Ineffective Monitoring, Pergantian Auditor, dan Perubahan Direksi Terhadap Kecurangan Laporan Keuangan. Widyakala: Journal of …, 9(2), 99–109. https://www.ojs.upj.ac.id/index.php/journal_widya/article/view/572/pdf_1
  21. Azizah, W., & Nurjaman, M. I. (2023). Determinant of Coal Sector Firm Value in Indonesia. International Journal of Business and Technology Management, 5(4), 412–423. https://doi.org/https://doi.org/10.55057/ijbtm.2023.5.4.37
  22. Azizah, W., Rizal, N., & Irawan, I. A. (2023). Peningkatan Pemahaman Pembukuan Usaha bagi Pelaku UMKM Masyarakat Lembursawah, Mulyaharja, Kota Bogor. Community Development Journal, 4(3), 6204–6210. https://doi.org/https://doi.org/10.31004/cdj.v4i3.17700
  23. Azizah, W., Wahyoeni, S. I., & Zoebaedi, F. (2021). Covid-19 and Accrual Earnings Management In Indonesia in the Second Quarter. International Journal of Business and Management Invention (IJBMI), 10(9), 33–39. https://doi.org/10.35629/8028-1009013339
  24. Azizah, W., Zoebadi, F., Bantasyam, S., & Oktaviani, Y. R. (2019). Earnings Management in Indonesia : Are Women Always Under ? IOSR Journal of Business and Management (IOSR-JBM), 21(11), 42–46. https://doi.org/10.9790/487X-2111014246
  25. Azizah, W., Zoebaedi, F., & Yatim, M. R. (2020). Income Smoothing: Does Firm Size Matter in Indonesia? IOSR Journal of Business and Management (IOSR-JBM), 22(11), 21–23. https://doi.org/10.9790/487X-2211042123
  26. 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
  27. Cahyo, R. D., Murni, Y., & Azizah, W. (2022). Determinan Integritas Laporan Keuangan. AKRUAL: Jurnal Akuntansi Dan Keuangan, 4(1), 1–10. https://uia.e-journal.id/Akrual/article/view/2021/1140
  28. Cressey, Donald R. (1953). Other people's money; a study in the social psychology of embezzlement. Montclair, N.J. :Patterson Smith,
  29. Damayani, F., Wahyudi, T., & Yuniartie, E. (2019). Pengaruh Fraud Pentagon Terhadap Kecurangan Laporan Keuangan Pada Perusahaan Infrastruktur yang terdaftar Di Bursa Efek Indonesiatahun 2014-2016. Akuntabilitas : Jurnal Penelitian Dan Pengembangan Akuntansi, 11(2), 151–170. https://doi.org/10.29259/ja.v11i2.8936
  30. Damayanti, A., Nelyumna, Widyaningsih Azizah, & Bella Rusania Tisan Lie. (2021). Pembukuan Keuangan UMKM Binaan Posdaya Cempaka. SULUH: Jurnal Abdimas, 3(1), 20–26. https://doi.org/10.35814/suluh.v3i1.2427
  31. Faradiza, S. A. (2019). Fraud Pentagon Dan Kecurangan Laporan Keuangan. EkBis: Jurnal Ekonomi Dan Bisnis, 2(1), 1. https://doi.org/10.14421/ekbis.2018.2.1.1060
  32. Imtikhani, L., & Sukirman, S. (2021). Determinan Fraudulent Financial Statement Melalui Perspektif Fraud Hexagon Theory Pada Perusahaan Pertambangan. Jurnal Akuntansi Bisnis, 19(1), 96. https://doi.org/10.24167/jab.v19i1.3654
  33. Lestari, M. I., & Henny, D. (2019). Pengaruh Fraud Pentagon Terhadap Fraudulent Financial Statements Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015- 2017. Jurnal Akuntansi Trisakti, 6(1), 141. https://doi.org/10.25105/jat.v6i1.5274
  34. Majid, M., Lysandra, S., Masri, I., & Azizah, W. (2020). Pengaruh Kecakapan Manajerial Terhadap Manajemen Laba Akrual Dan Riil (Studi Empiris pada Perusahaan LQ45 yang Terdaftar di Bursa Efek Indonesia Periode 2016?2018). Jurnal Ilmiah Akuntansi Dan Manajemen (JIAM), 16(1), 70–84. https://doi.org/https://doi.org/10.31599/jiam.v16i1.115
  35. Muhyidin, J., Ambarwati, S., & Azizah, W. (2021). Faktor Yang Mempengaruhi Nilai Perusahaan Sektor Industri Dasar Dan Kimia. RELEVAN : Jurnal Riset Akuntansi, 2(1), 49–61. https://doi.org/10.35814/relevan.v2i1.2822
  36. Natanael, I. D., Murni, Y., & Azizah, W. (2021). Pengaruh Corporate Social Responsibility, Komite Audit, Leverage, Dan Return of Asset Terhadap Tax Avoidance. Jurnal Ilmiah Akuntansi Pancasila (JIAP), 1(2), 77–93. https://doi.org/10.35814/jiap.v1i2.2140
  37. Oktrivina, A., & Azizah, W. (2022). Pengaruh Solvabilitas, Profitabilitas, Ukuran Perusahaan dan Ukuran Kantor Akuntan Publik terhadap Audit Delay. AKURASI: Jurnal Riset Akuntansi Dan Keuangan, 4(1), 55–68. https://doi.org/https://doi.org/10.36407/akurasi.v4i1.154
  38. Prasetyo, Y., Amyulianthy, R., Azizah, W., S, B. G., Lysandra, S., & Suryadi, H. (2021). Pengaruh Pengungkapan Islamic Social Reporting Dan Corporate Governance Terhadap Accruals Earning Management Pada Perbankan Syariah Di Indonesia….. Al-Mal: Jurnal Akuntansi Dan Keuangan Islam, 2(01), 01–16. https://doi.org/10.24042/al-mal.v2i01.8032
  39. Putri, A., Sudarmaji, E., Azizah, W., Akuntansi, P., Ekonomi, F., & Bisnis, D. (2023). Determinan Minat Investasi di Pasar Modal (Pada Mahasiswa S1 Akuntansi Angkatan 2014-2019 Fakultas Ekonomi dan Bisnis Universitas Pancasila). JIAP, 3(1), 58–70. https://journal.univpancasila.ac.id/index.php/JIAP/article/view/3664/2275
  40. 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
  41. Romantis, O., Heriansyah, K., Soemarsono, D. W., & Azizah, W. (2020). Pengaruh Perencanaan Pajak Terhadap Manajemen Laba yang Dimoderasi Oleh Penurunan Tarif Pajak (Diskon Pajak). Jurnal Ilmiah Akuntansi Dan Manajemen (JIAM), 16(1), 85–95. http://ejurnal.ubharajaya.ac.id/index.php/JIAM/article/view/116
  42. Santosa, S., & Ginting, J. (2019). Evaluasi Keakuratan Model Beneish M-Score Sebagai Alat Deteksi Kecurangan Laporan Keuangan (Kasus Perusahaan Pada Otoritas Jasa Keuangan di Indonesia). Majalah Ilmiah Bijak, 16(2), 75–84. https://doi.org/10.31334/bijak.v16i2.508
  43. Sari, S. P., & Nugroho, N. K. (2020). Financial Statements Fraud dengan Pendekatan Vousinas Fraud Hexagon Model: Tinjauan pada Perusahaan Terbuka di Indonesia. IHTIFAZ: Islamic Economic, Finance and Banking(ACI-IJIEFB),409–430. http://www.seminar.uad.ac.id/index.php/ihtifaz/article/view/3641