The Influence of Board of Commissioners and Audit Committee Effectiveness, Ownership Structure, Bank Monitoring, and Firm Life Cycle on Accounting Fraud

Abstract

Financial statement fraud has cost market participants, including investors, employees, creditors, and pensioners. Capital market participants expect active and vigilant AbstrakKecurangan pelaporan keuangan menimbulkan kerugian bagi pelaku pasar, antara lain investor, pegawai, kreditur. Kecurangan ini juga merupakan ancaman yang serius bagi para pelaku pasar modal. Pelaku pasar modal mengharapkan laporan keuangan yang transparan, berkualitas, dan dapat dipercaya integritasnya. Penelitian ini bertujuan menguji pengaruh efektifitas peran dewan komisaris dan komite audit, struktur kepemilikan, peran monitoring bank, dan siklus hidup perusahaan terhadap probabilita terjadinya kecurangan pelaporan keuangan. Pengujian hipotesis dilakukan dengan menggunakan metode regresi logistik dengan menggunakan data sanksi yang dikenakan pada perusahaan yang melakukan kecurangan pelaporan keuangan, yang diperoleh dari Bapepam-LK dari tahun 2005 sampai dengan 2011. Hasil penelitian ini menunjukkan bahwa efektifitas peran komite audit dan struktur kepemilikan keluarga berpengaruh negatif terhadap probabilita terjadinya kecurangan pelaporan keuangan. Hal ini mengindikasikan efektifitas komite audit dan kepemilikan yang dikendalikan oleh keluarga dapat mengurangi probabilita terjadinya kecurangan pelaporan keuangan.Kata Kunci : fraud, corporate governance, efektifitas komite audit, struktur kepemilikan, pengawasan bank, siklus hidup perusahaan.

Board Characteristics, Type of Insurance and Performance In Indonesia Sharia Insurance Companies

“…It means that size of Board Commissioners does not affect the performance of the sharia insurance business unit in Indonesia. This is consistent with research conducted by Darwis (2009), Kusumawati and Hermawan (2013), Tertius and Christiawan (2015), Putra (2015), Robin and Amran (2016), Firmansyah and Fadillah (2019) in Indonesia. The result of this study can be caused by the main task of Board Commissioners is to monitor and provide advice to the directors.…”

Determinants of Indonesian Public Listed Companies to Participate in the Tax Amnesty

“…Nugroho & Eko (2011) also stated that Indonesia companies' usually had independent directors that also counterbalance the majority stockholders negative intention, and also advised the companies to act more conservatively. Kusumawati & Hermawan (2013) also stated that the board activity plays the significant role in board effectiveness. Increasing activity means increasing monitoring and supervisions, and it will prevent companies from conducting negative action or business policy.…”

“…The audit committee is a part of the board of commissioner, so it expected to have the same trait as the board of commissioner. Kusumawati & Hermawan (2013) explained that the effectiveness of audit committee will be determined by the knowledge and professionalism of its member. Suprianto et al (2017) stated that many of Indonesia's company audit committee members have strong knowledge in the field of accounting and taxation, and may advise the company to conduct "creative reporting and management".…”

Implications of Islamic Governance on Islamic Bank Fraud

“…Peran monitoring ini akan efektif jika dewan komisaris merupakan pihak independen yang tidak memiliki hubungan istimewa/kekeluargaan dengan dewan direksi. Efektivitas dewan komisaris juga ditentukan oleh karakteristik seperti independensi, aktivitas, ukuran, dan kompetensi (Kusumawati and Hermawan 2013). Penelitian terkait peran dewan komisaris sebagai proksi dari GCG di bank syariah telah banyak dilakukan.…”