Nature Of Industry Dan Ineffective Monitoring Sebagai Determinan Terjadinya Fraud Dalam Penyajian Laporan Keuangan

Abstract

Penelitian ini bertujuan untuk memperoleh bukti empiris mengenai pengaruh nature of industry dan ineffective monitoring terhadap fraud dalam penyajian laporan keuangan. Dalam penelitiaan ini nature of industry sebagai variabel independen memiliki dua proksi yaitu persediaan (inventory) dan piutang (receivable).
 Penelitian dilakukan pada perusahaan sektor manufaktur yang terdaftar di Bursa Efek Indonesia pada periode 5 tahun yaitu 2013-2017. Teknik pengambilan sampel yang digunakan adalah purposive sampling. Sampel penelitian ini adalah 110 perusahaan. Metode analisis data yang digunakan adalah regresi logistik.
 Hasil penelitian menunjukan bahwa: (1a) nature of industry (inventory) berpengaruh tidak signifikan terhadap fraud dalam penyajian laporan keuangan, (1b) nature of industry (receivable) berpengaruh positif dan signifikan terhadap fraud dalam penyajian laporan keuangan dan (2) ineffective monitoring berpengaruh tidak signifikan terhadap fraud dalam penyajian laporan keuangan.

Analysis of Hexagon on Fraudulent Financial Reporting with The Audit Committee and Independent Commissioners as Moderating Variables

“…An increase in inventory compared to the previous year will indicate that cash turnover is not good because the cash owned by the company settles in the form of inventory. Poor cash turnover and limited cash will encourage management to commit fraud in the financial reporting so that the company's performance looks good in front of investors or outsiders (Apriyani & Ritonga, 2019). This research is supported by previous researchers such as Sihombing & Raharjo (2014) and Indriani & Terzaghi (2017), who state that the Nature of industry has a positive effect on fraudulent financial reporting.…”

The Effect of Fraud Triangle in Detecting Financial Statement Fraud

“…Companies can give trust to external parties as supervisors because external supervisors have no relationship with management or investors. So it can be said that external parties are more independent (Apriyani & Ritonga, 2019). In this study, the Proportion of Independent Commissioners becomes an indicator of effective monitoring because, the higher the proportion of independent commissioners, the less will they commit fraud.…”

“…In a place where companies operate, the economic environment and industrial regulations often become one of the loopholes for companies to commit fraudulent financial statements (Aulia, 2018). In the financial statements, the outdated inventory account, the balance is determined by the company, and the company as an internal party has more information so that this situation can be exploited by the company to become a loophole in committing fraud (Apriyani & Ritonga, 2019). The risk of financial statement fraud can be seen from the inventory account (Skousen et al in Mawarni, 2016).…”

“…Ineffective Monitoring often occurs because of the dominance of management by a small group of parties. So that it opens up opportunities for managers to cheat financial statements (Apriyani & Ritonga, 2019). The way to overcome this problem is of course by providing supervision to the management.…”

Comparative Analysis Of Crowe’s Fraud Pentagon Theory On Fraudulent Financial Reporting

“…Opportunities in this study are proxied by the Nature of the Industry, which indicates that the ideal condition of the company is the condition of receivables or the value of the company's merchandise inventory. If the condition of the company's receivables increases from the previous year, this indicates that the company's condition is not good (Ritonga and Apriyani, 2019). Several motivating factors management commits fraud, according to the theory of the fraud triangle, is because of the opportunity to commit fraud.…”