The Analysis Of Fraud Pentagon Theory And Financial Distress For Detecting Fraudulent Financial Reporting In Banking Sector In Indonesia (Empirical Study Of Listed Banking Companies On Indonesia Stock Exchange In 2012-2017)

Utami, Evy Rahman; Pusparini, Nandya Octanti

doi:10.2991/icaf-19.2019.10

Cited by 23 publications

(36 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…This is because in top 100 companies, publication is mandatory, the company wants to show composition of the top management, so the number of photos of the management does not symbolize the arrogance of the management. This result in line with previous study by [14], [15] with got the same result.…”

Section: Resultssupporting

confidence: 92%

“…Ego (arrogance) is an attitude of superiority and greed of someone who believes that internal control does not affect him [14]. The number of CEO photos displayed in company's annual report represents the high level of arrogance of the CEO [15]. Research conducted by [11] shows that the frequent number of CEO's pictures has an effect in detecting financial statement.…”

Section: Effect Of Frequent Number Of Ceo's Picture In Detecting Fina...mentioning

confidence: 99%

See 1 more Smart Citation

Fraud Detection Using Fraud Hexagon Model in Top Index Shares of KOMPAS 100

2022

Proceedings of 2022 the 12th International Workshop on Computer Science and Engineering

View full text Add to dashboard Cite

The company's performance is reflected in the financial statements that they prepare each period. This triggers fraud management, namely fraudulent financial statements. There are several approaches to detecting fraud, one of which is the Fraud Hexagon approach. Our research uses the Fraud Hexagon approach with a sample of companies going public on the Indonesia Stock Exchange which are included in the top index of KOMPAS 100. Our research is a causal quantitative study, we use statistical data analysis to test hypotheses. Our results state that capability and collusion have a significant effect on detecting fraudulent financial statements, while other variables do not have a significant effect.

show abstract

Section: Resultssupporting

confidence: 92%

Section: Effect Of Frequent Number Of Ceo's Picture In Detecting Fina...mentioning

confidence: 99%

Fraud Detection Using Fraud Hexagon Model in Top Index Shares of KOMPAS 100

2022

Proceedings of 2022 the 12th International Workshop on Computer Science and Engineering

View full text Add to dashboard Cite

show abstract

“…So that the quality of external auditor does not significantly affect to the tendency of fraud of financial statements. Therefore, the finding contradicts with Akbar's study (2017), Ulfah et al (2017), Utami & Pusparini (2019). However, it is in line with several studies that found BIG cannot indicate the tendency of fraud of financial statement.…”

Section: Quality Of External Auditor and Fraud Of Financial Statementsmentioning

confidence: 56%

Detecting Indications of Financial Statement Fraud: a Hexagon Fraud Theory Approach

2021

View full text Add to dashboard Cite

This study emphasizes on examining the fraud hexagon theory referring to signs of fraud of financial statements, which employs all manufacturing companies listed in the IDX (Indonesia Stock Exchange). However, total selected sample are 153 of the manufacturing industry. The companies are categorized into indicated and not indicated committing fraud in the 2010-2018 period by applying the Beneish M-Score. The findings demonstrated that financial stability, the financial targets, the external pressures, the nature of industry, and CEO duality can be applied to predict fraud of financial statements. Meanwhile, personal financial needs, ineffective monitoring, quality of external auditors, auditor turnover, director turnover, and marginal costs cannot indicate occurrence of the fraud of financial statement. The findings conclude that pressure, ego, and opportunity significantly affect the financial statement fraud. Future research are suggested to consider different proxies for fraudulent financial statements; hence, the accuracy of the proxies can be compared with this study. Moreover, adding other proxies of conspiracy such as bonuses received by managers will be beneficial.

show abstract

“…Kejadian kegagalan audit meningkat setelah perubahan auditor (Skousen et al, 2011). Hasil dari penelitian Utami & Pusparini (2019), Umar et al (2020)…”

Section: H3: Ineffective Monitoring Memiliki Pengaruh Dalam Mendeteks...unclassified

Fraud Hexagon dalam Mendeteksi Financial Statement Fraud Perusahaan Perbankan di Indonesia

Handoko

2021

JKA

View full text Add to dashboard Cite

Cases of fraud are increasing from year to year and the costliest type of fraud is financial statement fraud which causes substantial losses for the company and users of financial statement. The aim of this research is to analyze fraud hexagon on detecting financial statement fraud of banking companies listed in Indonesia Stock Exchange for the period 2015-2019. The research population is 46 banking companies listed in Indonesia Stock Exchange. Purposive sampling method is used on this research. The sample chosen with matching criteria is 41 companies with a total observation of 205. Logistic regression method is used to analyze data and data processing was performed with IBM SPSS 26. The research results indicated that the financial target, external pressure, ineffective monitoring, change in auditor, change in director, and frequent number of CEO's picture do not have an effect in detecting financial statement fraud on listed banking companies. Meanwhile, collusion has an effect in detecting financial statement fraud on listed banking companies.

show abstract

The Analysis Of Fraud Pentagon Theory And Financial Distress For Detecting Fraudulent Financial Reporting In Banking Sector In Indonesia (Empirical Study Of Listed Banking Companies On Indonesia Stock Exchange In 2012-2017)

Cited by 23 publications

References 11 publications

Fraud Detection Using Fraud Hexagon Model in Top Index Shares of KOMPAS 100

Fraud Detection Using Fraud Hexagon Model in Top Index Shares of KOMPAS 100

Detecting Indications of Financial Statement Fraud: a Hexagon Fraud Theory Approach

Fraud Hexagon dalam Mendeteksi Financial Statement Fraud Perusahaan Perbankan di Indonesia

Contact Info

Product

Resources

About