Detection of the Effects of Hexagon Fraud Theory on Financial Statement Fraudulent
DOI:
https://doi.org/10.61194/ijtc.v5i2.1195Keywords:
Beneish M-Score Financial Statement Fraud, Hexagon FraudAbstract
The incidence of fraud has been increasing steadily over the years, with the most detrimental kind being financial statement fraud, leading to significant losses for both the company and the users of financial statements. The results of research provide information about the possibility of corporate fraud for the investors and the stakeholders to take better conclusions. Two very popular concepts for identifying profit manipulation in companies and understanding the motivations of fraud are the M Beneish model and fraud theory. The population used in research is 128 Financial Companies Listed on the IDX for the 2022-2023 period. The method used in this research is quantitative research method and uses logistic regression analysis in analyzing data. The results showed that financial targets and external pressures, ininfluenceive supervision, CEO tenure, Arrogance and collusion had no influence on financial reporting fraud. However, total accrual ratio has an influence on fraudulent financial statements.
References
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
Achmad, T., Ghozali, I., Rahardian, M., Helmina, A., Hapsari, D. I., & Pamungkas, I. D. (2022). Detecting Fraudulent Financial Reporting Using the Fraud Hexagon Model: Evidence from the Banking Sector in Indonesia. https://doi.org/10.3390/economies
Agustin, M. D., Yufantria, F., & Ameraldo, F. (2022). PENGARUH FRAUD HEXAGON THEORY DALAM MENDETEKSI KECURANGAN LAPORAN KEUANGAN (STUDI KASUS PADA PERUSAHAAN ASURANSI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2020). Journals of Economics and Business, 2(2). https://doi.org/10.33365/jeb.v2i2.137
Alfarago, D., & Mabrur, A. (2022). Do Fraud Hexagon Components Promote Fraud in Indonesia? ETIKONOMI, 21(2), 399–410. https://doi.org/10.15408/etk.v21i2.24653
Andrew, A., Candy, C., & Robin, R. (2022). DETECTING FRAUDULENT OF FINANCIAL STATEMENTS USING FRAUD S.C.O.R.E MODEL AND FINANCIAL DISTRESS. International Journal of Economics, Business and Accounting Research (IJEBAR), 6(1). https://doi.org/10.29040/ijebar.v6i1.4394
Bendickson, J., Muldoon, J., Liguori, E. W., & Davis, P. E. (2016). Agency theory: background and epistemology. Journal of Management History, 22(4), 437–449. https://doi.org/10.1108/JMH-06-2016-0028
Beneish, M. D. (n.d.). CFA Institute The Detection of Earnings Manipulation. In Source: Financial Analysts Journal (Vol. 55, Issue 5). http://www.jstor.orgURL:http://www.jstor.org/stable/4480190
Christian, N., & Visakha, B. (2021). Analisis teori fraud pentagon dalam mendeteksi fraud pada laporan keuangan perusahaan yang terdaftar di bursa efek Indonesia. Conference on Management, Business, Innovation, Education and Social Sciences, 1(1).
Dini Febriani, Cahyati, A. D., Anisa Putri, & Neneng Lasmita Susanti. (2023). Determinants of Financial Statement Fraud in Perspective Hexagon Fraud Theory. Basic and Applied Accounting Research Journal, 2(2). https://doi.org/10.11594/baarj.02.02.04
Elsayed, A. A. (2017). Fraud Theories: Explanation of Financial Statement Fraud. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3078962
Fatkhurrizqi, M. A., & Nahar, A. (2021). Analisis Fraud Triangle Dalam Penentuan Terjadinya Financial Statement Fraud. Jurnal Akuntansi, 7(1).
Fitriyah, R., & Novita, S. (2021). FRAUD PENTAGON THEORY FOR DETECTING FINANCIAL STATEMENT FRAUDULENT. Jurnal Riset Akuntansi Kontemporer, 13(1). https://doi.org/10.23969/jrak.v13i1.3533
Fouziah, S. N., & Djaddang, S. (n.d.). RELEVANSI TEORI FRAUD HEXAGON DALAM MENDETEKSI FRAUDULENT FINANCIAL STATEMENT PADA PERUSAHAAN SEKTOR PERBANKAN (Vol. 6).
Handoko, B. L. (2021). FRAUD HEXAGON DALAM MENDETEKSI FINANCIAL STATEMENT FRAUD PERUSAHAAN PERBANKAN DI INDONESIA. In Jurnal Kajian Akuntansi (Vol. 5, Issue 2). http://jurnal.ugj.ac.id/index.php/jka
Julia, J., & Yunita, A. (2022). The Effect of Hexagon Fraud in Detecting Fraud Financial Statements (Empirical Study on Financial Sector Companies Listed on the Indonesia Stock Exchange 2017-2021). International Journal of Multidisciplinary: Applied Business and Education Research, 3(10). https://doi.org/10.11594/ijmaber.03.10.23
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
Lionardi, M., & Suhartono, S. (n.d.). Pendeteksian Kemungkinan Terjadinya Fraudulent Financial Statement menggunakan Fraud Hexagon. http://ejournal.bsi.ac.id/ejurnal/index.php/moneter
Mukhtaruddin, Sabrina, E., Hakiki, A., Saftiana, Y., & Kalsum, U. (2020). Fraudulent financial reporting: fraud pentagon analysis in banking and financial sector companies. Issues in Business Management and Economics, 8(2), 12–24.
Oktarigusta, L. (2017). ANALISIS FRAUD DIAMOND UNTUK MENDETEKSI TERJADINYA FINANCIAL STATEMENT FRAUD DI PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2012-2015). Jurnal Manajemen Dayasaing, 19(2). https://doi.org/10.23917/dayasaing.v19i2.5384
Oktavia, S., Bahari, A., & Kartika, R. (2022). Pengaruh Elemen Fraud Hexagon Theory Terhadap Fraud Laporan Keuangan. Jurnal Akuntansi Dan Ekonomika, 12(2), 275–284. https://doi.org/10.37859/jae.v12i2.4207
Permata Sari, S., & Kurniawan Nugroho, N. (n.d.). Financial Statements Fraud dengan Pendekatan Vousinas Fraud Hexagon Model: Tinjauan pada Perusahaan Terbuka di Indonesia 26.
Pricewaterhousecoopers. (2020). Fighting Fraud: A Never-Ending Battle PwC’s Global Economic Crime and Fraud Survey. PWC Fraud Survey.
Sagala, S. G., & Siagian, V. (2021). Pengaruh Fraud Hexagon Model Terhadap Fraudulent Laporan Keuangan pada Perusahaan Sub Sektor Makanan dan Minuman yang Terdaftar di BEI Tahun 2016-2019. Jurnal Akuntansi, 13(2). https://doi.org/10.28932/jam.v13i2.3956
Setyono, D., Hariyanto, E., Wahyuni, S., & Pratama, B. C. (2023). Penggunaan Fraud Hexagon dalam Mendeteksi Kecurangan Laporan Keuangan. Owner, 7(2). https://doi.org/10.33395/owner.v7i2.1325
Sholikatun, R., & Makaryanawati, M. (2023). DETERMINAN KECURANGAN LAPORAN KEUANGAN (PERSPEKTIF FRAUD HEXAGON THEORY). EKUITAS (Jurnal Ekonomi Dan Keuangan), 7(3), 328–350. https://doi.org/10.24034/j25485024.y2023.v7.i3.5484
Skousen, C. J., Smith, K. R., & Wright, C. J. (2009). Detecting and predicting financial statement fraud: The effectiveness of the fraud triangle and SAS No. 99. Advances in Financial Economics, 13, 53–81. https://doi.org/10.1108/S1569-3732(2009)0000013005
Sukmadilaga, C., Winarningsih, S., Handayani, T., Herianti, E., & Ghani, E. K. (2022). Fraudulent Financial Reporting in Ministerial and Governmental Institutions in Indonesia: An Analysis Using Hexagon Theory. Economies, 10(4). https://doi.org/10.3390/economies10040086
Suryakusuma, A., & Stephanus, D. S. (2023). PENGARUH FRAUD HEXAGON TERHADAP KECURANGAN LAPORAN KEUANGAN PADA BUMN GO PUBLIC INDONESIA. Parsimonia - Jurnal Ekonomi Dan Bisnis, 10(2). https://doi.org/10.33479/parsimonia.v10i2.785
Tugas, F. C. (2012). Exploring a New Element of Fraud: A Study on Selected Financial Accounting Fraud Cases in the World. In American International Journal of Contemporary Research (Vol. 2, Issue 6). www.sox-online.com
Vousinas, G. L. (2019). Advancing theory of fraud: the S.C.O.R.E. model. Journal of Financial Crime, 26(1), 372–381. https://doi.org/10.1108/JFC-12-2017-0128
Wang, Z., Chen, M. H., Chin, C. L., & Zheng, Q. (2017). Managerial ability, political connections, and fraudulent financial reporting in China. Journal of Accounting and Public Policy, 36(2). https://doi.org/10.1016/j.jaccpubpol.2017.02.004
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
Wilantari, N. M., & Ariyanto, D. (2023). Determinan Fraud Hexagon Theory dan Indikasi Financial Statement Fraud. E-Jurnal Akuntansi, 33(1). https://doi.org/10.24843/eja.2023.v33.i01.p07
Wolfe, D. T., & Hermanson, D. R. (2004). The Fraud Diamond: Considering the Four Elements of Fraud. https://digitalcommons.kennesaw.edu/facpubs
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
