Indonesia's Banking Excellence in the Eyes of Crowe's Fraud Pentagon
Dian Kusuma Wardhani,
Dul Muid,
Naili Farida
Abstract:Complex factors trigger fraud. The basic theory is the fraud triangle theory. Crowe (2011) developed the idea into a pentagon theory and found two other factors: arrogance and competence. This study aims to analyze each element of Crowe's Fraud pentagon theory to detect fraudulent financial statements. Various proxies were used: pressure (financial targets and stability; external pressure; institutional ownership), opportunity (number of audit committees and nature of the industry), rationalization (change in … Show more
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