The Effect of Fraud Hexagon Model on Fraud Financial Statements in Companies in the Financial Sector

Abstract

This study aims to find the effect of the Fraud Hexagon Model on the Financial Statement Fraud. Fraud Hexagon Model consists of Stimulus which is proxied by Financial Target and External Pressure, Opportunity is proxied by Ineffective Monitoring, Rationalization is proxied by External Quality Auditor, Capability is proxied by Change in Director, Ego is proxied by Frequent Number of CEO's Picture, and Collusion proxied by Political Connection. This study uses purposive sampling method, and the number of companies that are sampled in the study are 42 of 105 companies and analyzed by binary logistic regression analysis. The results of this study found that External Pressure, Auditor External Quality, and Frequent Number of CEO's Picture have an effect on Financial Statement Fraud. Meanwhile, Financial Target, Ineffective Monitoring, Change in Director, and Political Connection have no effect on Financial Statement Fraud on companies in the financial sector listed on the IDX in 2016-2020.

Kecurangan Laporan Keuangan Dalam Perspektif Fraud Hexagon

“…Penelitian terkait kecurangan laporan keuangan telah dilakukan oleh beberapa peneliti sebelumnya untuk menginvestigasi faktor-faktor yang mendorong terjadinya kecurangan dan menunjukkan hasil yang beragam (Achmad et al, 2022). Hasil penelitian Sagala & Siagian (2021) menunjukkan bahwa target keuangan sebagai proksi dari tekanan berpengaruh terhadap kecurangan laporan keuangan, sedangkan pada penelitian Handoko & Salim (2022), Hartadi (2022), Janah et al (2022), Handoko & Tandean (2021), Yulianti et al (2019), , dan Apriliana & Agustina (2017) menghasilkan kesimpulan sebaliknya.…”

“…Inkonsistensi hasil penelitian juga muncul pada faktor tekanan eksternal yang digunakan sebagai proksi tekanan. Menurut penelitian Hartadi (2022), Janah et al (2022), dan Achmad et al (2022) faktor tekanan eksternal berpengaruh terhadap kecurangan laporan keuangan, sedangkan menurut hasil penelitian Sari et al (2022), Handoko & Tandean (2021), Yulianti et al (2019) dan Damayani et al (2017) faktor tersebut tidak berpengaruh terhadap kecurangan laporan keuangan.…”

“…Kualitas KAP difokuskan pada pemilihan jasa audit antara KAP perusahaan big four yaitu PWC, Deloitte, Ernst & Young, KPMG dengan KAP non big four (Yulianti et al, 2019). Kualitas auditor eksternal menjadi proksi dari rasionalisasi yaitu justifikasi yang muncul dari pikiran manajemen ketika kecurangan dapat terdeteksi oleh pihak eksternal (Janah et al, 2022).…”

The Influence of Information Technology Based Audit Procedures and Audit Experience on Audit Quality

“…The Ministry of Finance as one of the regulators in Indonesia has also issued regulation Number 186 /PMK.01/2021 concerning the Development and Supervision of Public Accountants which is effective on March 15 2022 (Janah et al, 2022). This regulation did not appear without reason.…”