Analisis Faktor – Faktor yang Mempengaruhi Penyajian Kembali Laporan Keuangan

Abstract

The purpose of this study is to examine the characteristics of the audit committee, leverage, number of subsidiaries, percentage of foreign subsidiaries, percentage of non-executive directors, expertise of the board of directors, board size, and growth on the restatement of financial statements by using company data listed on the Indonesian Stock Exchange (IDX). Using a purposive sampling method that has several criteria to collect company data from 2014-2018 and test the data with the logistic regression test method. The conclusion is that there is an influence between the size of the audit committee, the number of subsidiaries, and the percentage of non-executive directors with the restatement of financial statements. While the audit committee independence variables, audit committee meetings, audit committee expertise, leverage, percentage of foreign subsidiaries, board of directors expertise, board size, and growth do not affect the restatement of financial statements.

Financial Restatement on Manufacture Sector Company Reviewed from The Aspect of Corporate Governance and Company-Specific Characteristics

“…H1 is not supported by this explanation, even though the coefficient value is -0.231428, indicating a negative direction following the presented hypothesis. The findings of this study are consistent with those of Lantang (2020) and Chandra (2020) that the size of the board of commissioners had no effect on financial statement restatement.…”

“…Financial restatement is a process carried out to correct or revise errors in previous financial statements (Chandra, 2020). According to Abdullah et al(2010), the financial restatement is defined as the process of revising and correcting financial statements issued to correct errors, non-compliance, or violations of general accounting principles.…”

“…Companies that restate their financial accounts owing to deliberate mistakes or changes in financial accounting rules may pose several problems, depending on whether the reasons are external parties or poor corporate governance procedures (Chandra, 2020). This is supported by the remark of Anggraini and Dianawati (2017), who highlighted that firms that frequently engage in financial statement restatement raise worries about corporate governance's competence and function in overseeing and releasing financial reports.…”

Board Characteristic and Financial Restatement

“…This condition causes the BoD size to be unable to reduce financial restatement. The results are consistent with the previous finding that BoD size does not affect financial restatement (Cai & Chang, 2014;Chandra, 2020;Hasnan et al, 2020;Ma & Chang, 2015;Soroushyar & Ahmadi, 2016). Meanwhile, this finding does not support other findings that the BoD size potentially reduces financial restatement (Hasnan et al, 2017;Puspitasari & Januarti, 2014).…”