Perspektif Fraud Diamond dalam Mendeteksi Kemungkinan Kecurangan Laporan Keuangan
Abstract
The reliability of BUMN financial reports is not only observed by internal ministries, but the public also supervises them. The research objective is to obtain empirical evidence of the relationship between financial stability, ineffective supervision, rationalization, and the capability function of the board of directors to the possibility of fraudulent financial reporting. The research sample is a BUMN company on the Indonesia Stock Exchange (IDX) which is determined by purposive sampling technique. Data analysis technique using logistic regression. The results of the study show that financial stability, ineffective supervision, rationalization, and the capability of the directors do not affect the possibility of fraudulent financial reporting. The implications of this research for stakeholders and subsequent research are to obtain information about the possibility of fraud in the financial statements of BUMN companies.
Keywords: Fraud Diamond; Financial Statement Fraud; State-Owned Company
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References
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Khatun, A., Ghosh, R., & Kabir, S. (2022). Earnings manipulation behavior in the banking industry of Bangladesh: the strategical implication of Beneish M-score model. Arab Gulf Journal of Scientific Research, 40(3), 302–328. https://doi.org/10.1108/AGJSR-03-2022-0001
Koharudin, A., & Januarti, I. (2021). Lack of Financial Reporting Using Crowe’s Fraud Pentagon Theory. Jurnal Dinamika Akuntansi, 13(2), 148–157. https://doi.org/10.15294/jda.v13i2.28602
Lastanti, H. S., Murwaningsari, E., & Umar, H. (2022). The Effect of Hexagon Fraud on Fraud Financial Statements With Governance and Culture as Moderating Variables. Media Riset Akuntansi, Auditing & Informasi, 22(1), 143–156. https://doi.org/10.25105/mraai.v22i1.13533
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Owusu, G. M. Y., Koomson, T. A. A., Alipoe, S. A., & Kani, Y. A. (2022). Examining the Predictors of Fraud in State-Owned Enterprises: an Application of the Fraud Triangle Theory. Journal of Money Laundering Control, 25(2), 427–444. https://doi.org/10.1108/JMLC-05-2021-0053
Probohudono, A. N., Lubis, A. T., Nahartyo, E., & Arifah, S. (2022). Governance Structure and The Tendency to do Financial Statements Fraud. Jurnal Akuntansi Dan Auditing Indonesia, 26(1), 2022. https://doi.org/10.20885/jaai.vol26.i
Rezaee, Z. (2005). Causes, consequences, and deterence of financial statement fraud. Critical Perspectives on Accounting, 16(3), 277–298. https://doi.org/10.1016/S1045-2354(03)00072-8
Rezaee, Z., & Riley, R. (2010). Financial Statement Fraud Prevention and Detection (2nd ed.). John Wiley & Sons, Inc., Hokben, New Jersey.
Rostami, V., & Rezaei, L. (2022). Corporate governance and fraudulent financial reporting. Journal of Financial Crime, 29(3), 1009–1026. https://doi.org/10.1108/JFC-07-2021-0160
Sahla, W. A., & Ardianto, A. (2022). Ethical Values and Auditors Fraud Tendency Perception: Testing of Fraud Pentagon Theory. Journal of Financial Crime. https://doi.org/10.1108/JFC-04-2022-0086
Saleh, M. M. A., Aladwan, M., Alsinglawi, O., & Almari, M. O. Salem. (2021). Predicting Fraudulent Financial Statements Using Fraud Detection Models. Academy of Strategic Management, 20(3).
Saluja, S., Aggarwal, A., & Mittal, A. (2021). Understanding the fraud theories and advancing with integrity model. Journal of Financial Crime. https://doi.org/10.1108/JFC-07-2021-0163
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Suryani, E., & Fajri, R. R. (2022). Fraud Triangle Perspective: Artificial Neural Network Used in Fraud Analysis. Quality - Access to Success, 23(188), 154–162. https://doi.org/10.47750/QAS/23.188.22
Tang, X. B., Liu, G. C., Yang, J., & Wei, W. (2018). Knowledge-based financial statement fraud detection system: Based on an ontology and a decision treet. Knowledge Organization, 45(3), 205–219. https://doi.org/10.5771/0943-7444-2018-3-205
Villaescusa, N., & Amat, O. (2022). When collusion meets the fraud triangle: a case study approach. Journal of Financial Crime, 29(3), 805–815. https://doi.org/10.1108/JFC-05-2021-0111
Wanda, W., Zulhawati, Rusmin, & Emita W. Astami. (2022). Pengaruh Kepemilikan Keluarga dan Tata Kelola Perusahaan Terhadap Peaktik Manajemen Laba. In Jurnal Akuntansi dan Bisnis (Vol. 21, Issue 1). www.jab.fe.uns.ac.id
Wei, Y., Chen, J., & Wirth, C. (2017). Detecting Fraud in Chinese Listed Company Balance Sheets. Pacific Accounting Review, 29(3), 356–379. https://doi.org/10.1108/PAR-04-2016-0044
Wicaksono, A., & Suryandari, D. (2021). Accounting Analysis Journal The Analysis of Fraudulent Financial Reports Through Fraud Hexagon on Public Mining Companies ARTICLE INFO ABSTRACT. Accounting Analysis Journal, 10(3), 220–228. https://doi.org/10.15294/aaj.v10i3.54999
Wolfe, D. T., & Hermanson, D. R. (2004). The Fraud Diamond: Considering the Four Elements of Fraud. https://digitalcommons.kennesaw.edu/facpubs
Yao, J., Pan, Y., Yang, S., Chen, Y., & Li, Y. (2019). Detecting fraudulent financial statements for the sustainable development of the socio-economy in China: A multi-analytic approach. Sustainability (Switzerland), 11(6). https://doi.org/10.3390/su11061579
Yulistyawati, N. K. A., Made, I., Suardikha, S., & Sudana, P. (2019). The analysis of the factor that causes fraudulent financial reporting with fraud diamond. Jurnal Akuntansi Dan Auditing Indonesia, 23(1). https://doi.org/10.20885/jaai.vol23
Zack M, G. (2013). Financial Statement Fraud Strategies for Detection and Investigation. John Wiley & Sons, Inc., Hoboken, New Jersey.
ACFE Indonesia. (2019). Survei Fraud Indonesia 2019.
Achmad, T., Ghozali, I., & Pamungkas, I. D. (2022). Hexagon Fraud: Detection of Fraudulent Financial Reporting in State-Owned Enterprises Indonesia. Economies, 10(1). https://doi.org/10.3390/economies10010013
Agusputri, H., & Sofie, S. (2019). Faktor - Faktor yang Berpengaruh Terhadap Fraudulent Financial Reporting dengan Menggunakan Analisis Fraud Pentagon. Jurnal Informasi Perpajakan, Akuntansi Dan Keuangan Publik, 14(2), 105–124. https://doi.org/10.25105/jipak.v14i2.5049
Akbar, D. A., Africano, F., & Isrodinata, R. (2021). Can Fraud Diamond Affect Fraud Financial Statement In Sharia Commercial Banks? Jurnal Reviu Akuntansi Dan Keuangan, 11(1), 40–57. https://doi.org/10.22219/jrak.v11i1.16256
Albrecht, C., Holland, D., Malagueño, R., Dolan, S., & Tzafrir, S. (2015). The Role of Power in Financial Statement Fraud Schemes. Source: Journal of Business Ethics, 131(4), 803–813. https://doi.org/10.1007/s
Andira, M. H., & Ratnadi, N. M. D. (2022). Latar Pendidikan Dewan Direksi, Dewan Komisaris, Komite Audit dan Praktik Manajemen Laba Riil. E-Jurnal Akuntansi, 32(1), 3468. https://doi.org/10.24843/eja.2022.v32.i01.p11
Avortri, C., & Agbanyo, R. (2021). Determinants of management fraud in the banking sector of Ghana: the perspective of the diamond fraud theory. Journal of Financial Crime, 28(1), 142–155. https://doi.org/10.1108/JFC-06-2020-0102
Beneish, M. D. (1999). The Detection of Earnings Manipulation. Financial Analysts Journal, 55(5), 24–36. https://doi.org/10.2469/faj.v55.n5.2296
Budiantoro, H., Santosa, P. W., Zhusrin, A. S., & Lapae, K. (2022). Pengujian Pentagon Fraud Terhadap Kecurangan Laporan Keuangan Pada Perusahaan Badan Usaha Milik Negara (BUMN). Assets: Jurnal Ekonomi, Manajemen & Akuntansi, 12(1).
Chandra, N., & Suhartono, S. (2020). Analisis Pengaruh Fraud Diamond dan Good Corporate Governance Dalam Mendeteksi Kemungkinan Terjadinya Fraudulent Financial Statement. Jurnal Bina Akuntansi, 7(2).
Chen, Y. J., Liou, W. C., Chen, Y. M., & Wu, J. H. (2019). Fraud detection for financial statements of business groups. International Journal of Accounting Information Systems, 32, 1–23. https://doi.org/10.1016/j.accinf.2018.11.004
Demetriades, P., & Owusu-Agyei, S. (2022). Fraudulent financial reporting: an application of fraud diamond to Toshiba’s accounting scandal. Journal of Financial Crime, 29(2), 729–763. https://doi.org/10.1108/JFC-05-2021-0108
Devi, P. N. C., Widanaputra, A. A. G. P., Budiasih, I. G. A. N., & Rasmini, N. K. (2021). The Effect of Fraud Pentagon Theory on Financial Statements: Empirical Evidence from Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 1163–1169. https://doi.org/10.13106/jafeb.2021.vol8.no3.1163
Fitriyah, R., & Novita, S. (2021). Fraud Pentagon Theory For Detecting Financial Statement Fraudulent. Journal Riset Akuntansi Kontemporer , 13(1), 20–25. https://journal.unpas.ac.id/index.php/jrak/index
García-Sánchez, I. M., Martínez-Ferrero, J., & García-Meca, E. (2017). Gender diversity, financial expertise and its effects on accounting quality. Management Decision, 55(2), 347–382. https://doi.org/10.1108/MD-02-2016-0090
Hady, A. R. K., & Chariri, A. (2022). Peran Pengungkapan Corporate Social Responsibility dalam Memediasi Hubungan Koneksi Politik dengan Kemungkinan Kecurangan Laporan Keuangan. E-Jurnal Akuntansi. https://doi.org/10.24843/EJA.2022.v
Jan, C. L. (2018). An effective financial statements fraud detection model for the sustainable development of financial markets: Evidence from Taiwan. Sustainability (Switzerland), 10(2). https://doi.org/10.3390/su10020513
Khamainy, A. H., Ali, M., & Setiawan, M. A. (2022). Detecting financial statement fraud through new fraud diamond model: the case of Indonesia. Journal of Financial Crime, 29(3), 925–941. https://doi.org/10.1108/JFC-06-2021-0118
Khatun, A., Ghosh, R., & Kabir, S. (2022). Earnings manipulation behavior in the banking industry of Bangladesh: the strategical implication of Beneish M-score model. Arab Gulf Journal of Scientific Research, 40(3), 302–328. https://doi.org/10.1108/AGJSR-03-2022-0001
Koharudin, A., & Januarti, I. (2021). Lack of Financial Reporting Using Crowe’s Fraud Pentagon Theory. Jurnal Dinamika Akuntansi, 13(2), 148–157. https://doi.org/10.15294/jda.v13i2.28602
Lastanti, H. S., Murwaningsari, E., & Umar, H. (2022). The Effect of Hexagon Fraud on Fraud Financial Statements With Governance and Culture as Moderating Variables. Media Riset Akuntansi, Auditing & Informasi, 22(1), 143–156. https://doi.org/10.25105/mraai.v22i1.13533
Maniatis, A. (2022). Detecting the probability of financial fraud due to earnings manipulation in companies listed in Athens Stock Exchange Market. Journal of Financial Crime, 29(2), 603–619. https://doi.org/10.1108/JFC-04-2021-0083
Mousavi, M., Zimon, G., Salehi, M., & Stępnicka, N. (2022). The Effect of Corporate Governance Structure on Fraud and Money Laundering. Risks, 10(9). https://doi.org/10.3390/risks10090176
Owusu, G. M. Y., Koomson, T. A. A., Alipoe, S. A., & Kani, Y. A. (2022). Examining the Predictors of Fraud in State-Owned Enterprises: an Application of the Fraud Triangle Theory. Journal of Money Laundering Control, 25(2), 427–444. https://doi.org/10.1108/JMLC-05-2021-0053
Probohudono, A. N., Lubis, A. T., Nahartyo, E., & Arifah, S. (2022). Governance Structure and The Tendency to do Financial Statements Fraud. Jurnal Akuntansi Dan Auditing Indonesia, 26(1), 2022. https://doi.org/10.20885/jaai.vol26.i
Rezaee, Z. (2005). Causes, consequences, and deterence of financial statement fraud. Critical Perspectives on Accounting, 16(3), 277–298. https://doi.org/10.1016/S1045-2354(03)00072-8
Rezaee, Z., & Riley, R. (2010). Financial Statement Fraud Prevention and Detection (2nd ed.). John Wiley & Sons, Inc., Hokben, New Jersey.
Rostami, V., & Rezaei, L. (2022). Corporate governance and fraudulent financial reporting. Journal of Financial Crime, 29(3), 1009–1026. https://doi.org/10.1108/JFC-07-2021-0160
Sahla, W. A., & Ardianto, A. (2022). Ethical Values and Auditors Fraud Tendency Perception: Testing of Fraud Pentagon Theory. Journal of Financial Crime. https://doi.org/10.1108/JFC-04-2022-0086
Saleh, M. M. A., Aladwan, M., Alsinglawi, O., & Almari, M. O. Salem. (2021). Predicting Fraudulent Financial Statements Using Fraud Detection Models. Academy of Strategic Management, 20(3).
Saluja, S., Aggarwal, A., & Mittal, A. (2021). Understanding the fraud theories and advancing with integrity model. Journal of Financial Crime. https://doi.org/10.1108/JFC-07-2021-0163
Sari, T. P., & Lestari, D. I. T. (2020). Analisis Faktor Risiko Yang Mempengaruhi Financial Statement Fraud : Prespektif Diamond Fraud Theory. Jurnal Akuntansi Dan Pajak, 20(2). https://doi.org/10.29040/jap.v20i2.618
Septriani, Y., & Desi Handayani, dan. (2018). Mendeteksi Kecurangan Laporan Keuangan dengan Analisis Fraud Pentagon (Vol. 11, Issue 1). http://jurnal.pcr.ac.id
Singleton, Tommie., & Singleton, A. J. (2010). Fraud Auditing and Forensic Accounting. Wiley.
Skousen, C. J., Smith, K. R., Wright, C. J., & Chasteen Chair, L. G. (2009). Detecting and Predicting Financial Statement Fraud: The Effectiveness of The Fraud Triangle and SAS No. 99 in Corporate Governance and Firm Performance. http://ssrn.com/abstract=1295494Electroniccopyavailableat:https://ssrn.com/abstract=1295494Electroniccopyavailableat:http://ssrn.com/abstract=1295494Electroniccopyavailableat:https://ssrn.com/abstract=1295494
Suryani, E., & Fajri, R. R. (2022). Fraud Triangle Perspective: Artificial Neural Network Used in Fraud Analysis. Quality - Access to Success, 23(188), 154–162. https://doi.org/10.47750/QAS/23.188.22
Tang, X. B., Liu, G. C., Yang, J., & Wei, W. (2018). Knowledge-based financial statement fraud detection system: Based on an ontology and a decision treet. Knowledge Organization, 45(3), 205–219. https://doi.org/10.5771/0943-7444-2018-3-205
Villaescusa, N., & Amat, O. (2022). When collusion meets the fraud triangle: a case study approach. Journal of Financial Crime, 29(3), 805–815. https://doi.org/10.1108/JFC-05-2021-0111
Wanda, W., Zulhawati, Rusmin, & Emita W. Astami. (2022). Pengaruh Kepemilikan Keluarga dan Tata Kelola Perusahaan Terhadap Peaktik Manajemen Laba. In Jurnal Akuntansi dan Bisnis (Vol. 21, Issue 1). www.jab.fe.uns.ac.id
Wei, Y., Chen, J., & Wirth, C. (2017). Detecting Fraud in Chinese Listed Company Balance Sheets. Pacific Accounting Review, 29(3), 356–379. https://doi.org/10.1108/PAR-04-2016-0044
Wicaksono, A., & Suryandari, D. (2021). Accounting Analysis Journal The Analysis of Fraudulent Financial Reports Through Fraud Hexagon on Public Mining Companies ARTICLE INFO ABSTRACT. Accounting Analysis Journal, 10(3), 220–228. https://doi.org/10.15294/aaj.v10i3.54999
Wolfe, D. T., & Hermanson, D. R. (2004). The Fraud Diamond: Considering the Four Elements of Fraud. https://digitalcommons.kennesaw.edu/facpubs
Yao, J., Pan, Y., Yang, S., Chen, Y., & Li, Y. (2019). Detecting fraudulent financial statements for the sustainable development of the socio-economy in China: A multi-analytic approach. Sustainability (Switzerland), 11(6). https://doi.org/10.3390/su11061579
Yulistyawati, N. K. A., Made, I., Suardikha, S., & Sudana, P. (2019). The analysis of the factor that causes fraudulent financial reporting with fraud diamond. Jurnal Akuntansi Dan Auditing Indonesia, 23(1). https://doi.org/10.20885/jaai.vol23
Zack M, G. (2013). Financial Statement Fraud Strategies for Detection and Investigation. John Wiley & Sons, Inc., Hoboken, New Jersey.
Published
2023-03-26
How to Cite
PUTRI, Nur Septiani; JANUARTI, Indira.
Perspektif Fraud Diamond dalam Mendeteksi Kemungkinan Kecurangan Laporan Keuangan.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 3, p. 619-633, mar. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/95194>. Date accessed: 14 nov. 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i03.p03.
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