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Financial statements describe the company's financial condition. There are many gaps in the financial reports that enable management to commit fraudulent financial reporting. This study purpose to analyze the pentagon fraud, namely the pressure that is proxied by the financial target, the opportunity that is proxied by the effectiveness of monitoring (ineffective monitoring); Rationalization which is proxied by change in auditor; Competence which is proxied by the change of company directors; and Arrogance which is proxied by the number of CEO images that appear (number of CEO's picture), detects fraudulent financial statements measured using the Altman Z Score. The sample used in this study were 24 pharmaceutical sub-sector manufacturing companies registered on the Indonesia Stock Exchange during the period 2015 until 2017. The type of data used is secondary data obtained from annual reports and company financial statements for the 2015-2017 period. The analysis of the data used is multiple regression using the SPSS version 16. This study found that financial stability and ineffective monitoring influence fraudulent financial statements. Whereas auditor turnover, change of directors and the number of CEO photos that appear do not affect fraudulent financial statements.

This study was conducted to test the effect of premium income, underwriting results, investment  income and risk based capital on general syariah  insurance companies’ profit. The method applied in this study was quantitative method. The population  included the insurance companies registered at Otoritas Jasa Keuangan ( OJK) in 2011-2015. The samples of this study were 1 syariah  insurance companies and  14 unit  syariah Insurance companies selected using purposive sampling technique. The types of data used on this study was secondary data. The method of data collection applied was documentation method and panel data regression using a computer program Eviews 7.0. The results of the analysis showed that: (1) premium income had significant positive effect on insurance profit, (2) underwriting results had significant negative effect on insurance profit, (3) inverstment income had negative  significant effect on insurance profit, (4) risk based capital had positive significant effect on insurance profit.

Objective – The massive and broad impact caused by fraud has made it widely discussed by researchers. Several theories have been developed to explain the cause of fraud. The most recent theory that attempts to explain fraud is pentagon fraud. This study attempts to explain the effect of pentagon fraud on the detection of financial statement fraud in 624 companies listed on the Indonesian stock exchange. Methodology/Technique – Data from financial statements published in 2018 were analyzed using multiple regression analysis. Findings – The results of data analysis using E-Views have proven that Pressure, Opportunity, Arrogance and Rationalization have a negative effect on fraudulent financial reporting. However, competence is known to have no significant effect on fraudulent financial reporting. Novelty – The results suggest that human factors such as pressure, arrogance and rationalization encourage fraudsters to produce fraudulent financial reports. These findings imply that human factors such as pressure arrogance and rationalization are important to be considered in designing any anti-fraud strategy. Type of Paper: Empirical Keywords: Fraud Pentagon; Fraudulent Financial Report; Opportunity, Pressure. Reference to this paper should be made as follows: Nanda; S, T; Zenita R; Salmiah N; 2019. Fraudulent Financial Reporting: A Fraud Pentagon Analysis, Acc. Fin. Review 4 (4): 106 – 113. https://doi.org/10.35609/afr.2019.4.4(2) JEL Classification: M40, M41, M49.

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The aim of the research is to recognize the tourism industry in halal tourism concept, business process, and dilemma. Authors determine the strategies to resolve the dilemmas based on the situation of the tourism business operators. The study engaged with the situations of halal business operators. The data were collected through in-depth interview with four tourism operators in Indonesia who won the best halal category award by The World Halal Travel Award in Dubai. The results of this study found that all participants choose to be Muslim-friendly business instead of pure sharia business. This business process transformation helps to expand their market segment to Muslim tourists at tolerable cost. The existing dilemmas by tourism industry are no formal standard of halal criteria, high-cost business transactions, lack of sharia-competent human resources, and lack of tourism promotions. Niche market-based premium price could be a solution to compensate the additional high cost and potential lost that may occur in case of transforming conventional business into halal business platform.

More specifically, it aims to investigate locus of control on intention to quit and auditor acceptance of dysfunctional audit behavior. This study surveys public accounting firm in Sumatera with a total of107 respondents. Data analysis was performed by using Structural Equation Modeling-Partial Least Square (PLS-SEM). The results show that locus of control has positive influence on intention to quit and auditor acceptance of dysfunctional audit behavior. In addition, it is also suggested that the effect of locus of control on auditor acceptance of dysfunctional audit behavior is indirectly influenced through intention to quit.

Faktor yang mempengaruhi pertumbuhan perbankan syariah dalam penelitian ini antara lain CAR, NPF, BOPO, Inflasi, PDB dan Suku Bunga BI. Pertumbuhan perbankan syariah yang dimaksud dalam penelitian ini adalah pertumbuhan yang diukur dari total aset bank syariah. CAR, NPF, BOPO, Inflasi, PDB dan Suku Bunga BI menjadi penting untuk perbankan syariah, karena hal ini akan menentukan tingkat pertumbuhan perbankan syariah. Penelitian ini bertujuan untuk melihat pengaruh CAR, NPF, BOPO, Inflasi, PDB dan Suku Bunga BI terhadap pertumbuhan perbankan syariah. Pengambilan sampel penelitian ini menggunakan teknik purposive sampling dengan 11 sampel dengan rentang 5 tahun. Data dikumpulkan melalui rasio keuangan, data inflasi, data PDB dan data suku bunga BI. Data dianalisis dengan menggunakan uji regresi berganda melalui regresi data panel dengan uji parsial dan uji simultan yang dibantu oleh program eviews 7. Berdasarkan hasil analisis diketahui bahwa terdapat pengaruh pertumbuhan perbankan syariah apabila ditinjau dari CAR, NPF, BOPO, Inflasi, PDB dan Suku Bunga BI dengan sig. 0,000 dan sumbangsih (proporsi varians) variable CAR, NPF, BOPO, Inflasi, PDB dan Suku Bunga BI terhadap pertumbuhan perbankan syariah sebesar 80,44% dan 19,56% dipengaruhi oleh variabel lain. Dari hasil penelitian diperoleh sebagai parsial bahwa keenam variabel t (-0,693884, 1,019184, -4,061427, 2,863433, -2,086065 dan -4,114148). Disimpulkan bahwa variabel CAR dan NPF tidak berpengaruh terhadap pertumbuhan perbankan syariah. Sedangkan inflasi dan PDB memiliki pengaruh terhadap pertumbuhan perbankan syariah namun, tidak sesuai dengan hipotesis.