Analisis Pengaruh Fraud Pentagon Dalam Mendeteksi Fraudulent Financial Reporting Pada Perusahaan Jasa Nonkeuangan

Abstract

Abstract– This research aimed at analyzing the effect of fraud pentagon proxied by nine variables, namely financial stability, personal financial needs, external pressure, financial targets, ineffective monitoring, industry characteristics, auditor changes, director changes, and frequent number of CEO’s picture towards fraudulent financial reporting proxied by Beneish M-Score at non-financial service companies listed on the Indonesia Stock Exchange (IDX) period 2015-2017. The data used were secondary data obtained from annual reports and financial statements of nonfinancial service companies period 2015-2017 with a total of 285 eligible samples. The data analysis methods used were descriptive statistical analysis and logistic regression analysis. The results showed that the variables of financial stability and the nature of the industry generated a significant and positive effect on fraudulent financial reporting. Meanwhile, the variables of personal financial needs, external pressure, financial targets, ineffective monitoring, auditor changes, director changes, and often the CEO's image were not significant to fraudulent financial reporting.
 Keywords: Fraud Pentagon, Fradulent Financial Reporting, Beneish M-Score

Influence of Fraud Star and Digital Banking on FFR in Banking Sector and the Moderating Role of Foreign Ownership

“…(4) Capability does not affect FFR. This is supported by Simaremare et al (2019) and Pasaribu et al (2020) who stated that the change of directors does not affect the occurrence of FFR because shareholders tend to increase the company's performance from year to year so that a replacement is determined to more competent directors, through the general meeting of shareholders (GMS). Meanwhile, according to agency theory, principals have economic rationality for the interest to obtain larger dividends every year.…”

“…Vivianita and Indudewi (2018) stated that auditor turnover does not affect the occurrence of FFR because fraud will still be carried out by perpetrators, regardless of whether or not there is a change of auditors within the company. Meanwhile, according to Pasaribu et al (2020) auditor changes can be made by companies because of dissatisfaction with the work of the previous period. This result is also supported by research conducted by Annisya et al (2016) and Widyatama and Setiawati (2020), that the old auditors and replacement auditors, big four and non-big four auditors, have the same role in auditing financial statements, to determine whether it is free from material misstatement, either error or fraud.…”

“…Meanwhile, according to agency theory, principals have economic rationality for the interest to obtain larger dividends every year. Principals tend to want the best board of directors to manage their company to achieve an increase in company profits every year (Pasaribu et al, 2020).…”

Teori Fraud Pentagon: Peran Dalam Mendeteksi Kecurangan Laporan Keuangan (Studi Pada Perusahaan Sektor Keuangan Tahun 2018-2020)

“…Penelitian sebelumnya mengenai pengaruh fraud pentagon adalah penelitian Andriani et al (2022) yang menggunakan variabel target keuangan sebagai proksi dari elemen tekanan yang membuktikan adanya pengaruh terhadap kecurangan laporan keuangan. Namun, hasil ini berbeda dengan hasil penelitian Pasaribu et al (2020) Berdasarkan hasil penelitian terdahulu dapat disimpulkan bahwa setiap elemen dari teori fraud pentagon mempunyai pengaruh yang berbeda-beda terhadap kecurangan laporan keuangan. Ketidakkonsistenan hasil tersebut membuat penulis terdorong untuk melakukan pengujian ulang tentang teori fraud pentagon pada perusahaan sektor keuangan yang terdaftar di Bursa Efek Indonesia.…”

“…Hasil pengujian ini sejalan dengan penelitian sebelumnya oleh Nurkhoirunanisa, (2020), Purwaningtyas dan Ayem, (2021), dan (Andriani et al 2022). Namun berlawanan dengan hasil penelitian Pasaribu et al, (2020) dan (Carla dan Pangestu, 2021).…”