TESTING THE FRAUD PENTAGON THEORY ON FRAUDULENT FINANCIAL REPORTING IN THE BANKING SECTOR INDONESIA 2016-2020

Authors

  • Farida Irmawati Universitas Islam Negeri Maulana Malik Ibrahim Malang
  • Nawirah Nawirah Universitas Islam Negeri Maulana Malik Ibrahim Malang

DOI:

https://doi.org/10.24127/akuisisi.v18i2.857

Keywords:

Fraud Pentagon Theory, Fraudulent Financial Reporting, Altman Z-Score

Abstract

Fraudulent financial reporting is an activity that is carried out intentionally by changing the elements in the financial statements. This study aims to examine and analyze the influence of the elements of the fraud pentagon theory, namely pressure, opportunity, rationalization, capability, and arrogance against fraudulent financial reporting which is proxied by using the Altman z-score model. This research is a quantitative research using secondary data, namely financial reports, and annual reports. The population of this study is the banking sector companies listed on the Indonesia Stock Exchange (IDX) in 2016-2020. The sampling method used the purposive sampling technique to 34 samples. The technique for analyzing data is through multiple linear regression. The results showed that financial stability had a positive effect on fraudulent financial reporting. External pressure has a negative effect on fraudulent financial reporting. Ineffective monitoring, quality of external audit, change in auditor, changes in the board of directors, CEO duality, and a frequent number of CEO's pictures has no effect on fraudulent financial reporting.

References

Association of Certified Fraud Examiners (ACFE) Indonesia. (2020). Survei Fraud Indonesia 2019. Acfe Indonesia Chapter, 1–76. https://acfe-indonesia.or.id/survei-fraud-indonesia/

Harto, C. T. & P. (2016). Pengujian Teori Fraud Pentagon Pada Sektor Keuangan Dan Perbankan Di Indonesia. Simposium Nasional Akuntansi, 1–21. file:///C:/Users/ASUS/Downloads/Pengujian Teori Fraud Pentagon Pada Sektor Keuangan dan Perbankan di Indonesia.pdf

Ikatan Akuntansi Indonesia (IAI). (2014). Pernyataan Standar Akuntansi Keuangan (PSAK) No. 1 : Penyajian Laporan Keuangan. Jakarta: IAI.

Khotimah, B. H., Asrihapsari, A., & Bandi. (2020). Pengaruh Faktor-faktor dalam Teori Fraud Pentagon terhadap Kecurangan Laporan Keuangan pada Perusahaan BUMN Periode 2014–2018. Jurnal Akuntansi Dan Manajemen Mutiara Madani, 8(2), 157–174. https://jurnal.stienganjuk.ac.id/index.php/ojsmadani/article/view/112

Lestari, M. I., & Henny, D. (2019). Pengaruh Fraud Pentagon Terhadap Fraudulent Financial Statements Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2017. Jurnal Akuntansi Trisakti, 6(1), 141. https://doi.org/10.25105/jat.v6i1.5274

Peraturan Pemerintah RI. (2015). Peraturan Pemerintah Nomor 20 Tentang Praktik Akuntan Publik. 1–23.

Surat Edaran No.05/22/DPNP. 2003. Tentang Pedoman Standar Sistem Pengendalian Intern Bagi Bank Umum. Jakarta.

Ulfah, M., Nuraina, E., & Wijaya, A. L. (2017). Pengaruh Fraud Pentagon Dalam Mendeteksi Fraudulent Financial Reporting (Studi Empiris Pada Perbankan Di Indonesia Yang Terdaftar Di Bei. Forum Ilmiah Pendidikan Akuntansi, 5(1), 399–418. Fraud, Fraud Pentagon, Fraudulent Financial Reporting

Utami, E. R., & Pusparini, N. O. (2019). The Analysis Of Fraud Pentagon Theory And Financial Distress For Detecting Fraudulent Financial Reporting In Banking Sector In Indonesia (Empirical Study Of Listed Banking Companies On Indonesia Stock Exchange In 2012-2017). 102(Icaf), 60–65. https://doi.org/10.2991/icaf-19.2019.10

Widyatama, W., & Setiawati, L. W. (2021). Analisis Pengaruh Fraud Pentagon Theory Terhadap Fraudulent Financial Reporting Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2014 – 2019. BALANCE: Jurnal Akuntansi, Auditing Dan Keuangan, 17(1), 22–47. https://doi.org/10.25170/balance.v17i1.2010

Downloads

Published

2022-12-01

How to Cite

Irmawati, F., & Nawirah, N. (2022). TESTING THE FRAUD PENTAGON THEORY ON FRAUDULENT FINANCIAL REPORTING IN THE BANKING SECTOR INDONESIA 2016-2020. Akuisisi : Jurnal Akuntansi, 18(2), 235–247. https://doi.org/10.24127/akuisisi.v18i2.857

Issue

Vol. 18 No. 2 (2022)

Section

Articles

License

This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.

All articles published Open Access will be immediately and permanently free for everyone to read and download.  We are continuously working with our author communities to select the best choice of license options, currently being defined for this journal as follows: