HEXAGON FRAUD IN FRAUDULENT FINANCIAL STATEMENT: PERUSAHAAN SEKTOR KEUANGAN YANG TERDAFTAR DI BEI PERIODE 2018-2021

Mohammad Al Muhthadin; Muhammad Nuryatno Amin

doi:10.29303/jaa.v8i1.292

Authors

Mohammad Al Muhthadin Universitas Trisakti
Muhammad Nuryatno Amin Universitas Trisakti

DOI:

https://doi.org/10.29303/jaa.v8i1.292

Keywords:

Elemen Heagon Fraud, Fraud, Fraudulent Financial Statement

Abstract

The study aims to shed light on the role of hexagon fraud elements in presenting misleading financial data by companies listed on the Indonesia Stock Exchange (IDX) between 2018 and 2021. Purposive sampling was employed to compile information from 82 companies for this research. This study makes use of logistic regression analysis. Financial statement fraud was found to be influenced solely by arrogance as opposed to factors such as external pressure, director change, effective monitoring, rationalization, or conspiracy. Based on agency theory, it can explain how fraudulent financial statements occur so that companies and investors can be prevented later.

References

Achmad, T., Ghozali, I., & Pamungkas, I. D. (2022). Hexagon Fraud: Detection of Fraudulent Financial Reporting in State-Owned Enterprises Indonesia. Economies, 10(1), 1–16. https://doi.org/10.3390/economies10010013

Aprilia, R., Syarifuddin, & Haerial. (2022). Analisis Kecurangan Laporan Keuangan melalui Fraud Hexagon Risha. Jurnal Bisnis Dan Akuntansi Kontemporer, 15(e-ISSN: 2829-0615), 143–151.

Aviantara, R. (2021). The Association Between Fraud Hexagon and Government’s Fraudulent Financial Report. Asia Pacific Fraud Journal, 6(1), 26. https://doi.org/10.21532/apfjournal.v6i1.192

Boermawan, G., & Arfianti, R. I. (2022). Pengaruh Fraud Triangle Terhadap Kecurangan Pelaporan Keuangan Dengan Beneish M-Score Model. Journal of Applied …, 6(2), 173–186. https://jurnal.polibatam.ac.id/index.php/JAMA/article/view/4009%0Ahttps://jurnal.polibatam.ac.id/index.php/JAMA/article/download/4009/1781

Christian, N., Kho, J., Kho, K., Cahya, C., & Agustina, M. (2022). JIMEA | Jurnal Ilmiah MEA ( Manajemen , Ekonomi , dan Akuntansi ) IS FRAUD PENTAGON EFFECTIVE IN DETECTING FRAUDULENT FINANCIAL STATEMENT IN CAMBODIA ? 5(April), 1163–1182. https://doi.org/10.31955/mea.vol5.iss2.pp1163-1182

Fadly, A., Wahyudi, I., Yetti, S. (2020). Pengaruh Fraud Diamond terhadap Kecurangan Laporan Keuangan pada Kabupaten dan Kota di Provinsi Jambi Periode 2014 – 2018. Jambi Accounting Review (JAR), 1 No 2, 139–151.

Horwath, C. (2011). The Mind Behind the Fraudsters Crime: Key Behavioral and Environmental Elements. United States of America: Crowe Horwath LLP, 1–62. https://www.fraudconference.com/uploadedFiles/Fraud_Conference

Imtikhani, L., & Sukirman, S. (2021). Determinan Fraudulent Financial Statement Melalui Perspektif Fraud Hexagon Theory Pada Perusahaan Pertambangan. Jurnal Akuntansi Bisnis, 19(1), 96. https://doi.org/10.24167/jab.v19i1.3654

Indrajati, F., & Bawono, A. D. B. (2022). Pengaruh Financial Stability, Financial Targets, External Pressure, Personal Financial Need Terhadap Financial Statement Fraud Dengan Auditor Quality Sebagai …. Snhrp, April, 288–299. https://snhrp.unipasby.ac.id/prosiding/index.php/snhrp/article/view/324%0Ahttps://snhrp.unipasby.ac.id/prosiding/index.php/snhrp/article/download/324/272

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/https://doi.org/10.1016/0304-405X(76)90026-X

Kusumosari, L., & Solikhah, B. (2021). Analisis Kecurangan Laporan Keuangan Melalui Fraud Hexagon Theory. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(3), 753–767. https://doi.org/10.32670/fairvalue.v4i3.735

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

Novarina, D., & Triyanto, D. N. (2022). Pengaruh Fraud Hexagon Terhadap Kecurangan Laporan Keuangan Pada Perusahaan LQ 45 Yang Terdaftar di Bursa Efek Indonesia Periode 2016-2020. Jurnal Akuntansi Dan Keuangan, 10(2), 183. https://doi.org/10.29103/jak.v10i2.7352

Permatasari, D., & U, L. (2021). Deteksi kecurangan laporan keuangan dengan analisis fraud diamond. Jurnal Akuntabilitas, 15(2), 1–12.

Prakoso, D. B., & Setiyorini, W. (2021). Pengaruh Fraud Diamond terhadap Indikasi Kecurangan Laporan Keuangan(Studi pada Perusahaan Perkebunan yang Terdaftar di Bursa EfekIndonesia Tahun 2015-2019). Jurnal Akuntansi Dan Perpajakan , 7(2), 48–61. http://jurnal.unmer.ac.id/index.php/ap

Purnaningsih, N. K. C. (2022). Fraudulent Financial Reporting Analysis on Non-Financial Companies Listed on IDX in Hexagon Fraud Perspective. Budapest International Research and Critics Institute (BIRCI-Journal), 11331–11343. https://doi.org/10.33258/birci.v5i2.4955

Riantika, R. L. (2021). Anti Fraud dan Whistleblowing Intention: Peran Intensitas Moral dan Pengambilan Keputusan Etis. AFRE (Accounting and Financial Review), 4(1), 95–106. https://doi.org/10.26905/afr.v4i1.5957

Sari, S. P., & Nugroho, N. K. (2020). Financial Statements Fraud dengan Pendekatan Vousinas Fraud Hexagon Model: Tinjauan pada Perusahaan Terbuka di Indonesia 26. 1st Annual Conference of Ihtifaz: Islamic Economics, Finance, and Banking, 409–430.

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(99), 53–81. https://doi.org/10.1108/S1569-3732(2009)0000013005

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

Wolfe, D. T., & Hermanson, D. R. (2004). The Fraud Diamond : Considering the Four Elements of Fraud: Certified Public Accountant. The CPA Journal, 74(12), 38–42.

الکتبی, أ. ع. إ. ح. (2022). The usage of Fraud Hexagon Model to discover fraud in the Financial Statements An Applied Study. مجلة البحوث المالیة والتجاریة, 23(1), 116–133. https://doi.org/10.21608/jsst.2021.104171.1347