Main Article Content


This study delves into anti-fraud measures within Indonesia's banking sector, specifically focusing on four state-owned banks (BUMN). Against a backdrop of financial challenges faced by entities like Krakatau Steel and Jiwasraya, the government and Financial Services Authority (OJK) introduced internal controls to rebuild public trust. However, concerns arise with the establishment of BUMN holding companies, consolidating top executives. Public trust significantly influences BUMN performance, leading to reinforced banking regulations by OJK. This research employs SPSS Version 25 to scrutinize the impact of pressure, opportunity, and rationalization on financial statement fraud in state-owned banks from 2012 to 2022. The study's noteworthy findings reveal that financial stability, external pressure, financial targets, and rationalization do not effectively detect financial statement fraud, while the nature of the industry and ineffective monitoring demonstrate the potential to identify such fraud. These insights contribute to a comprehensive understanding and improved prevention and management strategies for financial statement fraud in Indonesia's state-owned banking sector, emphasizing the influence of the fraud triangle.


Fraud Fraud Triangle Financial Statement Fraud Internal Control Anti-Fraud

Article Details

How to Cite
Adha, A., & Indrayani, E. (2024). Fraud Triangle Analysis Detects Fraudulent Financial Statements Using A Fraud Score Model from BUMN Bank 2012-2022. Ilomata International Journal of Management, 5(2), 375-388.


  1. Abdel-Kader, M., & Sheedy, E. (2021). Factors Influencing Financial Reporting Quality in Emerging Economies: Evidence from Egypt. Journal of Financial Reporting and Accounting.
  2. Ali, Haniffa, & Hudaib (2020). Examining the Moderating Role of Ethical Climate in the Relationship between Fraud Triangle Elements and Fraudulent Financial Reporting.
  3. Al-Ja'afreh, Alzoubi, & Omoush (2020). The Relationship between Fraud Triangle Components and Financial Statement Fraud in Jordanian Industrial Companies
  4. Al-Ma'moun, R. M., & Mahadeo, J. D. (2020). Fraud Triangle and Earnings Manipulation: Evidence from the Gulf Cooperation Council (GCC) Countries. Managerial Auditing Journal
  5. Alon, Lathabhavan, & Tan (2018). Antecedents of Occupational Fraud: Applying the Fraud Triangle Theory in a Developing Country
  6. Association of Certified Fraud Examiners (ACFE) (2020). Survei Fraud Indonesia 2019. Indonesia Chapter #111 53: 1–76
  7. Association of Certified Fraud Examiners (ACFE) (2016). The Fraud Tree. December, 1–13
  8. Association of Certified Fraud Examiners (ACFE) (2016). Report to the nations on occupational fraud and abuse global for study. USA
  9. Apostolou, B.A, Hassell. J.M., Webber, S.A., & Sumners, G. E. (2001). The relative importance of management fraud risk factors. Behavioral Research in Accounting, 13(1), 1-2
  10. Bagci & Cime (2018). Analysis of Fraud Cases Using the Fraud Triangle: Evidence from Turkey
  11. Choudhury & Ghosh (2019). Influence of Fraud Triangle Factors on Financial Reporting Quality
  12. Cressey, D. R., (1953). Other People’s Money. Montclair NJ: Patterson Smith, pp. 1-300
  13. Dechow, P. M., Ge, W., Larson, C. R., & Sloan, R. G. (2011). Predicting Material Accounting Misstatements. Contemporary Accounting Research, 28(1), 17–82.
  14. Elmogy, M., Negm, A., & Mohamed, W. (2020). Investigating the Relationship between Fraud Triangle Factors and Financial Reporting Quality in Egypt. Journal of Financial Crime
  15. Hassan & Mohamad (2019). The Mediating Effect of Ethical Culture on the Relationship between Fraud Triangle and Fraudulent Financial Reporting
  16. Krstić, Jakšić, & Đorđević (2018). Impact of Fraud Triangle Components on Financial Statement Fraud
  17. Hassan & Mohamad (2019). The Mediating Effect of Ethical Culture on the Relationship between Fraud Triangle and Fraudulent Financial Reporting
  18. Kusrini & Meiranto (2018). Triangle of Fraud, Moral Intensity, and Ethical Judgment in Reporting Fraudulent Financial Statements
  19. Laitinen & Kujansivu (2018). Fraud Triangle and Auditor Opinions on Company Financial Statements: Finnish Evidence
  20. Mariati, Emmy Indrayani (2020). Fraud Triangle Analysis In Detecting Fraudulent Financial Statement Using Fraud Score Model. Jakarta, Indonesia.
  21. Musa & Haniffa (2019). The Impact of Fraud Triangle Factors on the Likelihood of Fraudulent Financial Reporting: Evidence from Malaysia
  22. Ghozali, I. (2013). Aplikasi Analisis Multivariat dengan Program IBM SPSS 21. Semarang: Penerbit Universitas Diponegoro
  23. Ghozi, S., & Hermansyah, H. (2018). Analisis Regresi Data Panel Profitabilitas Bank Pembangunan Daerah (BPD) di Indonesia. Jurnal Matematika, 8(1), 1.
  24. Himawan Albertus, F. A. K. (2019). Analisis Pengaruh Financial Stability, Ineffective Monitoring Dan Rationalization Terhadap Integritas Laporan Keuangan Dalam Perspektif Fraud Triangle pada Perusahaan Manufaktur Yang Terdapat Di Bursa Efek Indonesia Periode 2012-2016. ESENSI: Jurnal Manajemen Bisnis, 22(2), 162–188.
  25. Rachmawati, K. K. & Marsono. (2014). Pengaruh faktor-faktor dalam perspektif fraud triangle terhadap fraudulent financial reporting (Studi kasus pada perusahaan berdasarkan sanksi dari Bapepam periode 2008-2012). Diponegoro Journal of Accounting, 3(2), 1-14
  26. Ratmono, D, Diany, Y. A., & Purwanto, A. (2014). Dapatkah Teori Fraud Triangle Menjelaskan Kecurangan dalam Laporan Keuangan? Proceedings of Symposium Nasional Akuntansi 17, Universitas Mataram: Lombok.
  27. Razak, Hudaib, & Haron (2019). Fraud Risk Assessment in Islamic Banks: Evidence from the Malaysian Market
  28. Sihombing, K. S. & Rahardjo, S.N. (2014). Analisis fraud diamond dalam mendeteksi financial statement fraud: Studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) Tahun 2010-2012. Diponegoro Journal of Accounting, 3(2), 1-12
  29. Skousen, C.J., & Twedt, B. J. (2009). Fraud score analysis in the emerging market. Cross Culture Management an International Journal, 16(3), 301-316
  30. Zainudin, E. F., & Hashim, H. A. (2016). Detecting fraudulent financial reporting using financial ratios. Journal of Financial Reporting and Accounting, 14(2), 266–278.