scholarly journals The Effect of Financial Ratios in Detecting Fraudulent Company Listed on The Indonesia Stock Exchange

2020 ◽  
Vol 4 (2) ◽  
pp. 39
Author(s):  
Serly Serly ◽  
Eddy Eddy
Keyword(s):  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Financial Ratios ◽  
Period Range ◽  
Financial Report ◽  
Asset Misappropriation ◽  
Independent Variable ◽  
Turn Over ◽  
Fraudulent Financial Statements

Financial statements are means used by entities to communicate financially related circumstances to interested parties both related to the entity's internal and external entities. There are various types of fraud occur in the companies. Types of fraud cases that often occur are asset misappropriation and fraudulent financial statements. Asset Misappropriation is the kind of  act of fraud committed by using or taking company property for personal gain. Fraudulent financial statements are defined as fraudulent actions committed by the manager of the company which in the form of material misstatement in the financial report for the purpose to attract the investor. The fraud can be financial or non-financial. This study is meant to examine the effect of financial ratios in detecting fraudulent financial statements. The independent variable used in this study consisted of 5 variables: leverage, profitability, asset composition, liquidity and capital turn over. This study used the financial statements listed on the Indonesia Stock Exchange (IDX) as samples. The sampling technique used in this study was purposive sampling. The period range of the financial statements used in this study is 2014-2018 or the range of 5 years. Collected data are then tested via SPSS software.

scholarly journals PENGARUH FRAUD PENTAGON TERHADAP FRAUDULENT FINANCIAL STATEMENTS PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2015-2017

2019 ◽  
Vol 6 (1) ◽  
pp. 141
Author(s):  
Mega Indah Lestari ◽  
Deliza Henny
Keyword(s):  
Financial Stability ◽  
Sampling Method ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Financial Statements ◽  
Analysis Method ◽  
Financial Report ◽  
Fraudulent Financial Statements

<p><em>The Objective of this research is to analyze the factors of financial report fraud with pentagon fraud analysis. This research uses six independent variables which is pressure used financial target and financial stability as proxy, opportunity with proxy  ineffective monitoring, rationalization with change in auditor as proxy, capability with proxy of CEO’s education, and arrogance with proxy frequent number of CEO’s picture, while the dependent variable is fraudulent financial statements proxied by restatement of financial statements. </em><em>This research uses secondary data that is financial report and annual report. The sample of this study is 110 samples from financial statements of financial companies listed in the Indonesia Stock Exchange (BEI) during the 2015-2017 period. Sampling technique used is purposive sampling method. The method of analysis in this study uses logistic regression analysis method.</em><em>The results of this research shows that the financial stability variable and ineffective monitoring are significant in detecting fraudulent financial statements. While financial targets variable, auditor’s change variable, CEO’s education variable, and frequent number of CEO’s picture are not significant in detecting fraudulent financial statements.</em></p>

scholarly journals DETECTION OF FRAUDULENT FINANCIAL STATEMENT THROUGH PENTAGON THEORY WITH AUDIT COMMITTEE AS MODERATING

2021 ◽  
Vol 4 (1) ◽  
pp. 35
Author(s):  
Ely Indriyani ◽  
Dhini Suryandari
Keyword(s):  
Regression Analysis ◽  
Financial Stability ◽  
Audit Committee ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Analysis Data ◽  
External Pressure ◽  
Analysis Technique ◽  
Fraudulent Financial Statements

This study aims to examine financial targets, financial stability, external pressure, personal financial needs, effective monitoring, nature of industry, total accruals, change of directors, and CEO duality in detecting fraudulent financial statements with the audit committee as the moderating variable. The population of this research is 20 state-owned companies listed on the Indonesia Stock Exchange (BEI) in 2014-2018. Sampling using saturated sampling technique and obtained a final sample of 100 units of analysis. Data collection using documentation techniques. The data analysis technique used regression analysis and Moderated Regression Analysis (MRA). The results of this study indicate that external pressure and the nature of industry have a significant positive effect on the detection of fraudulent financial statements. The audit committee is able to moderate the influence of financial targets, external pressure, nature of industry, and change of directors on the detection of fraudulent financial statements

scholarly journals Fraud Pentagon in The Act of Cheating Financial Statements With The M-Score Method

2021 ◽  
Vol 3 (1) ◽  
pp. 36-45
Author(s):  
Adi Susilo ◽  
Endang Masitoh ◽  
Suhendro Suhendro
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Financial Statements ◽  
Variable Pressure ◽  
Toll Roads ◽  
Financial Report ◽  
Service Companies ◽  
Score Method ◽  
Sample Count ◽  
Fraudulent Financial Statements

Fraudulent financial statements include a number of ways of doing, to benefit from others by mis-presenting material in financial statements. The purpose of this research is to test and lysis influence pressure, opportunity, rationalization, competence, and arrogance on the financial statements of transportation, toll roads, airports and ports listed on the Indonesia Stock Exchange (IDX) period 2015-2018, with a sample count of 52 where data collection is carried out by purposive sampling method. This type of quantitative research with case studies, data analysis method uses logistics regression analysis with spss program version 17. The results showed arrogance had an effect on financial report fraud while variable pressure, opportunity, rationalization, and competence had no effect on financial report fraud. Further research can increase the number of research samples so that the results of the research can represent all service companies.

scholarly journals Detecting fraudulent financial statements in pharmaceutical companies: Fraud pentagon theory perspective

Accounting ◽  
2021 ◽  
Vol 7 (7) ◽  
pp. 1611-1620
Author(s):  
Dodik Ariyanto ◽  
I Made Gilang Jhuniantara ◽  
Ni Made Dwi Ratnadi ◽  
I Gusti Ayu Made Asri Dwija Putri ◽  
Ayu Aryista Dewi
Keyword(s):  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Public Image ◽  
Pharmaceutical Companies ◽  
Financial Reports ◽  
External Auditors ◽  
Management Positions ◽  
Financial Need ◽  
Fraudulent Financial Statements

A fraudulent financial statement is an issue that continues to be discussed as a form of deviation from corporate governance. Covid-19 pandemic has also demanded management to uphold the company's performance to have a good public image. Thus, the present study sets out to scrutinize the fraud pentagon theory on fraudulent financial statements. Each element is not able to be tested directly. However, there are proxies. The pressure element is proxied as a personal financial need. The opportunity is becoming the nature of industry. Each of the qualities of the external auditors as well as the change of directors propose rationalization and competence. The frequent number of CEO’s appearances in photos is a proxy of arrogance. The testing was carried out on the registered pharmaceutical companies of the Indonesian stock exchange in the span of the 2015-2019 period. The samples were selected by the means of sampling technique which is purposive. Data are scrutinized by the means of panel data regression. The analysis results show that the characteristics of the industry positively affects financial reports which are fraudulent. Changing top management positions such as directors can be an indication of financial reports which are fraudulent. The personal financial need variables, the caliber of external auditors and the quantity of CEO’s appearance in photos pose no effects on the fraudulent financial statements of the Indonesian's pharmaceutical companies.

scholarly journals Pengaruh Kepemilikan Publik dan Profitabilitas Terhadap Ketepatan Waktu Penyampaian Laporan Keuangan

2021 ◽  
Vol 4 (2) ◽  
pp. 809-820
Author(s):  
Ida Fitriyani ◽  
Dwi Indah Lestari
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Logistic Regression Analysis ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Financial Statements ◽  
Public Ownership ◽  
Financial Report ◽  
Analysis Technique

This study aims to determine the effect of public ownership and profitability on the timeliness of financial report submission. Secondary data used in this research is the company's audited annual financial statements. The population in this study is mining sector companies listed on the Indonesia Stock Exchange 2014-2018. The sampling technique used in this research is purposive sampling, thereby obtained 180 samples from 36 companies. The analysis technique used in this research is logistic regression analysis. The results showed that the partial public ownership does not affect the timeliness of financial report submission, while profitability positive and significant impact on the timeliness of financial report submission. Public ownership and profitability simultaneously have a positive and significant effect on the timeliness of financial report submission. Keywords: Public Ownership, Profitability and Timeliness of Financial Report Submission.

scholarly journals THE IMPACT OF CORPORATE CULTURES AND FINANCIAL RATIOS ON THE FRAUDULENT FINANCIAL REPORTING

2017 ◽  
Vol 8 (1) ◽  
pp. 39
Author(s):  
Agung Prajanto ◽  
Ririh Dwi Pratiwi
Keyword(s):  
Logistic Regression ◽  
Financial Reporting ◽  
Corporate Culture ◽  
Negative Impact ◽  
Stock Exchange ◽  
Supervisory Board ◽  
Financial Statements ◽  
Financial Ratios ◽  
Fraudulent Financial Statements ◽  
The Impact

<p>This study aims to examine and analyze financial statement fraud through financial ratios and corporate culture, case study of companies listed on the Indonesia Stock Exchange Year 2006-2010. The research was conducted at the companies included in the sanctions issued by Capital Markets Supervisory Board (Bapepam) in the period 2006-2010 for companies that committed fraud. While for the companies that did not do fraud, sample was obtained randomly by same asset and industry size. Testing was conducted by using logistic regression to determine the effect of financial ratios and corporate culture on financial statements fraud. Results of research conducted using logistic regression showed that liquidity ratio had positive effect on fraudulent financial statements. While the ratio of gross profit margin and capital turnover indicated a negative impact on financial reporting fraud. Variable of corporate culture was proxied by special relationship transaction, the composition of the founders in board of directors and directors who titled accountant did not effect on fraudulent financial statements.</p>

scholarly journals Effect of Financial Liquidity, Audit Rotation and Audit Tenure on Financial Statement Fraud

2019 ◽  
Vol 9 (1) ◽  
pp. 3326-3331
Keyword(s):  
Research Method ◽  
Stock Exchange ◽  
Sample Selection ◽  
Sampling Technique ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Statement Fraud ◽  
Food And Beverage ◽  
Financial Liquidity ◽  
Fraudulent Financial Statements

Cases of financial statement fraud today are increasingly prevalent. Cases of this type of fraud result in material losses that are not insignificant. Many investors and creditors as well as the general public are victims of this type of fraud. Not only in European and US countries, in Indonesia there are also many cases of fraudulent financial statements. Financial statement fraud can occur due to many things. This study aims to analyze the effect of financial liquidity, audit rotation and audit tenure on financial statement fraud. Population determined is a manufacturing company with a food and beverage subsector listed on the Indonesia Stock Exchange period 2013-2018. The sample selection is done by purposive sampling technique, the sample results that meet the criteria are 78 samples. The research method used is multiple linear methods, where the results of the research partially show that the liquidity financial variable does not significantly affect fraudulent financial statements, variable audit rotations significantly influence fraudulent financial statements, and variable audit tenure does not significantly influence financial statement fraud.

scholarly journals EFISIENSI BIAYA OPERASIONAL TERHADAP PENINGKATAN LABA BERSIH

2020 ◽  
Vol 9 (2) ◽  
pp. 107-116
Author(s):  
Nurlaela Sari ◽  
M Rimawan
Keyword(s):  
Stock Exchange ◽  
Operating Cost ◽  
Secondary Data ◽  
Sampling Technique ◽  
Financial Statements ◽  
Coefficient Of Determination ◽  
Net Income ◽  
Financial Report ◽  
Purposive Sampling ◽  
Operational Costs

ABSTRACT This research was conducted with the aim to determine the effect of operating cost on Net Income at PT HM Sampoerna Tbk in 2012 – 2018. The method used in this study is the associative analysis method. The population in this study is the financial report of PT HM Sampoerna Tbk in the form of an audited profit and loss statement in the form of operational costs and net income for 28 Years starting from 1990-2018. The sampling technique used was purposive sampling and the number of samples obtained for 7 years (2012 – 2018). The data used are secondary data sourced fro the financial statements of PT HM Sampoerna Tbk listed on the Indonesian Stock Exchange. Data analysis techniques used in this study are simple linear regression, simple correlation, coefficient of determination, and hypothesis testing using t statistics using SPSS 16.0. The result showed that the variable operational costs Significantly influence net income Keyword: Operational Cost, Net Income, finance, Efficiency, IDX  ABSTRAK Penelitian ini dilakukan dengan tujuan untuk mengetahui pengaruh Biaya Operasional terhadap Laba bersih pada PT. HM Sampoerna Tbk tahun 2012-2018. Metode yang digunakan dalam penelitian ini adalah metode analisis asosiatif.  Populasi dalam penelitian ini adalah laporan keungan PT. HM Sampoerna Tbk dalam bentuk laporan Laba rugi yang telah di audit berupa biaya operasional dan laba bersih selama 28 (dua puluh delapan) di mulai dari tahun 1990 - 2018. Teknik sampling yang digunakan adalah purposive sampling dan diperoleh jumlah sampel selama 7 tahun  (2012-2018). Data yang digunakan adalah data sekunder yang bersumber dari laporan keungan PT. HM Sampoerna Tbk yang terdaftar di Bursa Efek Indonesia. Teknik analisis data yang digunakan dalam penelitian ini adalah regresi linier sederhana, korelasi sederhana, koefisien determinasi, dan uji hipotesis menggunakan uji t-statistik menggunakan uji spss 16.0. Hasil penelitian menunjukan bahwa variabel Biaya Operasional berpengaruh signifikan terhadap Laba bersih. Kata Kunci : Biaya Operasional, Laba bersih, Keuangan, Efisiensi, BEI

scholarly journals Application of fraud pentagon in detecting financial statement fraud

2019 ◽  
Vol 6 (5) ◽  
pp. 73-80
Author(s):  
R. Daniel Eka Prasetya Antawirya ◽  
I Gusti Ayu Made Dwija Putri ◽  
I Gde Ary Wirajaya ◽  
I Gusti Ngurah Agung Suaryana ◽  
Herkulanus Bambang Suprasto
Keyword(s):  
Audit Committee ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Statement Fraud ◽  
Study Results ◽  
Research Population ◽  
Negative Effect ◽  
Fraudulent Financial Statements

Financial statements manipulation was a fraud form which is generally difficult to detect. The study was intended to analyze fraud pentagon elements in detecting fraudulent financial statements. The research population was all financial sector companies listed on the Indonesia Stock Exchange for the 2015-2018 period. Purposive sampling technique was used to determine the research sample and data analysis techniques used multiple regression. Based on the test results, it shows the financial set has a positive positive effect on fraudulent financial statements and the number of audit committee meetings that reflect effectiveness has a negative effect on fraudulent financial statements. The study results also contribute to the fraud pentagon theory and provide evidence that elements on fraud pentagon model can be used to detect fraudulent financial statements.

scholarly journals FACTORS THAT INFLUENCE THE TIMELINESS OF PUBLICATION OFFINANCIAL STATEMENTS ON BANKING IN INDONESIA

2018 ◽  
Vol 1 (1) ◽  
pp. 16
Author(s):  
Galuh Hesti Wulandari
Keyword(s):  
Logistic Regression ◽  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Financial Statements ◽  
Financial Ratios ◽  
Significant Positive Effect ◽  
Firm Age ◽  
Financial Report ◽  
Positive Effect

The purpose of this study is to examine the effect of financial ratios, firm age, firm size, and auditor's opinion on the timeliness of publication of banking financial statements listed on the Indonesia Stock Exchange (IDX). The population in this study were 87 banking companies during the period 2010-2012. The number of sample companies in this study is 29 companies. Samples were taken based on purposive sampling method. Data were analyzed using logistic regression technique.The results showed that the variable financial ratios have a significant positive effect on the timeliness of the publication of financial statements. The variable of firm size has significant influence, but has negative direction to the timeliness of publication of financial report, while the variable of firm age and auditor’s opinion does not affect the timeliness of publication of financial report.

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