Financial statement fraud in Indonesia: a longitudinal study of financial misstatement in the pre- and post-establishment of financial services authority

Jaswadi, Jaswadi; Purnomo, Hari; Sumiadji, Sumiadji

doi:10.1108/jfra-10-2021-0336

Cited by 11 publications

(13 citation statements)

References 30 publications

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“…Accounting fraud can occur in various countries, including Indonesia. As a result, the losses incurred can be very large (Jaswadi et al, 2022). Therefore, an entity needs to ensure transparency and accountability in the financial control process to prevent the occurrence of fraud.…”

Section: Accounting Fraud: Definition and Typesmentioning

confidence: 99%

The audit revolution: Integrating artificial intelligence in detecting accounting fraud

Iman Supriadi

2024

JATI

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This study aims to analyze the application of Artificial Intelligence (AI) in detecting accounting fraud in audits. The aim is to identify AI's efficiency, accuracy, and potential in detecting fraud and to explore the challenges and implications arising from using this technology in audit practice. This research is a type of qualitative research with a case study approach as the main focus and a literature study as a data triangulation approach. This research methodology will provide an in-depth understanding of the integration of artificial intelligence in detecting accounting fraud. The results show that AI improves efficiency and accuracy in detecting accounting fraud. AI techniques such as machine learning and natural language processing effectively identify fraud patterns. However, there are challenges, such as limitations of AI technology, ethical and data privacy issues, and barriers to accepting AI in the accounting industry. This research contributes to the accounting literature by highlighting how AI can change audit practices. It also offers guidance for accounting firms on utilizing AI to improve auditing and suggests directions for future research related to the development and integration of AI in accounting.

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Section: Accounting Fraud: Definition and Typesmentioning

confidence: 99%

The audit revolution: Integrating artificial intelligence in detecting accounting fraud

Iman Supriadi

2024

JATI

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“…Namun, terkadang terdapat perusahaan menyajikan laporan keuangan yang secara sengaja disalahsajikan mengenai kondisi keuangan dan kinerja perusahan tersebut (Albrecht et al, 2012). Sejarah menunjukkan bahwa skandal fraud laporan keuangan yang melibatkan penyimpangan akuntansi telah terjadi di perusahaan besar seperti Enron dan Parmalat dan berdampak pada pasar keuangan dan masyarakat (Jaswadi, Purnomo, & Sumiadji, 2022). Kecurangan dalam pelaporan keuangan seringkali terjadi di perusahaan publik maupun di organisasi pemerintah.…”

Section: Pendahuluanunclassified

“…Laporan keuangan yang palsu mengurangi keandalan informasi keuangan, sehingga dapat menyesatkan keputusan pengguna laporan keuangan. Tindakan kecurangan laporan keuangan dapat dilakukan karena berbagai insentif, salah satunya adalah kesempatan atau kekuasaan dari pemilik atau manajemen perusahaan (Jaswadi, Purnomo, & Sumiadji, 2022).…”

Section: Statement On Auditing Standardsunclassified

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Determinasi Teori Fraud Hexagon dan Karakteristik Komite Audit dalam Mendeteksi Kecurangan Laporan Keuangan

Hardirmaningrum,

Rohman

2023

JAA

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Purpose: This study aims to determine the influence of elements from the fraud hexagon theory and characteristics of audit committees on detecting financial statement fraud. Methodology/approach: The study data uses secondary data sourced from annual reports of manufacturing companies in the basic and chemical industry sebsectors listed on the IDX for 2019-2022 period. Findings: This study resulted in findings that pressure has a positive effect and opportunity has a negative effect on financial statement fraud. Rationalization, capability, arrogance, collusion and two characteristics of audit committee, namely financial expertise and frequency of audit committee meetings has no effect on financial statement fraud. Practical and Theoretical contribution/Originality: These findings contribute to researchers and business managers in increasing understanding of the factors that lead to fraud through the hexagon fraud model an characteristics of audit committees, so as to reduce frequency and amount of losses due to fraud. Novelty this study is to use the independent variable characteristics of audit committee, namely financial expertise and frequency of meetings on detecting financial statement fraud. Research Limitation: The independent variables in this study are only 31.6% which affect the detection of financial statement fraud. While the remaining 68.4% is influenced by other variables outside this research model. In addition, this study also cannot be generalized because only one sub-sector of the company is examined.

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“…Including personnel reform which brought about changes in personnel arrangements in Indonesia (Aronowitz et al, 2021;Jaswadi et al, 2022). Personnel arrangements in Law No.…”

Section: Introductionmentioning

confidence: 99%

Staffing Study on the Impact of Changes to Severe Discipline Punishments After the Issue of Government Regulation Number 94 of 2021 Concerning Disciplinary Punishments for Civil Servants

Hartini¹,

Kunarti

Kartono

et al. 2023

IJMABER

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The purpose of personnel analysis is to achieve professional civil servants in implementing the principles of good governance. To achieve this goal, one of the policies undertaken by the government is to issue a new regulation in the field of personnel as a substitute for the old regulation, namely Government Regulation No. 94 of 2021. The new policy issued by the government should be firmer, better and more effective. so that it will make Civil Servants who commit disciplinary violations become a deterrent. The new regulations have several changes to disciplinary penalties. One of the changes is severe disciplinary punishment. The old regulations set forth in PP No. 53 of 2010, regulated the existence of a penalty for dishonorable dismissal as civil servants, but in the replacement regulation this was omitted. By eliminating the word disrespect, it has an impact on the staffing sector, so that severe disciplinary punishment becomes lighter. The reduction in disciplinary punishment provides an opportunity for civil servants to commit repeated violations, thereby hampering the principles of good governance. In terms of staffing, these changes have an impact on civil servant pension rights. In this way, all civil servants who have been dismissed, both retired and for committing serious disciplinary violations, will receive pension rights. PP for PNS No. 94 of 2021 should carry out the Law's orders, but the new PP is not in line with Article 84 of the ASN Law.

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Financial statement fraud in Indonesia: a longitudinal study of financial misstatement in the pre- and post-establishment of financial services authority

Cited by 11 publications

References 30 publications

The audit revolution: Integrating artificial intelligence in detecting accounting fraud

The audit revolution: Integrating artificial intelligence in detecting accounting fraud

Determinasi Teori Fraud Hexagon dan Karakteristik Komite Audit dalam Mendeteksi Kecurangan Laporan Keuangan

Staffing Study on the Impact of Changes to Severe Discipline Punishments After the Issue of Government Regulation Number 94 of 2021 Concerning Disciplinary Punishments for Civil Servants

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