IS FRAUD PENTAGON EFFECTIVE IN DETECTING FRAUDULENT FINANCIAL STATEMENT IN CAMBODIA?
Keywords:
fraud pentagon, fraudulent financial statement, discretionary accrual
Abstract
This study was conductedito examine the ability of fraudiPentagon theory to detect fraudulent financial statement. The object of this research are companies that listed in Cambodia Securities Exchange (CSX) from 2017-2020. The purposive sampling method is used to select the research sample. The study uses SPSS program to analyze data. The measurement of fraudulent financial statement is discretionary accrual. This study used arrogance, competence, pressure, opportunity and rationalization as independent variable. The result of this study show that pressure is effective detecting fraudulent financial statement. These findings will be very helpful to auditors and forensic accountant to pay more caution in aspect of pressure to detect fraudulent financial statement.
References
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Bawekes, H. F. (2018). Pengujian Teori Fraud Pentagon Terhadap Fraudulent Financial Reporting (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015). Jurnal Akuntansi & Keuangan Daerah, 13(1), 114–134.
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Marks, J. (2012). The Mind Behind the Fraudsters Crime: Key Behavioral and Environmental Elements. Horwath, Crowe, 94(8), 14.
Marsellisa, N. (2018). Financial statement fraud: Perspective of the Pentagon Fraud model in Indonesia. Academy of Accounting and Financial Studies Journal, 22(3), 1–9.
Meilida, A., & Mustikasari, E. (2018). Crowe’s Fraud Pentagon Analysis on the Development of Financial Statements in Banking in Indonesia. 13, 128–135. https://doi.org/10.15242/dirpub.ea0118403
Nanda, S. T., Zenita, R., & Salmiah, N. (2019). Fraudulent Financial Reporting: A Fraud Pentagon Analysis. GATR Accounting and Finance Review, 4(4), 106– 113. https://doi.org/10.35609/afr.2019.4.4(2)
Purwaningtyas, N. A., & Ayem, S. (2021). Analisis Fraud Pentagon Dalam Mendeteksi Kecurangan Laporan Keuangan. Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha, 29(1), 69–91. https://doi.org/10.32477/jkb.v29i1.239
Rachmawati dan Marsono. (2014). Perspektif Fraud Triangle terhadap Fraudulent Financial Reporting (Studi Kasus pada Perusahaan Berdasarkan Sanksi dari Bapepam Periode 2008-2012) | Rachmawati | Diponegoro Journal of Accounting. Pengaruh Faktor-Faktor Dalam Perspektif Fraud Triangle Terhadap Fraudulent Financial Reporting, 3, 1–14. https://ejournal3.undip.ac.id/index.php/accounting/article/view/6139
Rezaee, Z. (2004). Financial Statement Fraud: Prevention and Detection. In Research in Accounting Regulation (Vol. 17). https://doi.org/10.1016/s1052- 0457(04)17015-x
Rijsenbilt, A., & Commandeur, H. (2013). Narcissus Enters the Courtroom: CEO Narcissism and Fraud. Journal of Business Ethics, 117(2), 413–429. https://doi.org/10.1007/s10551-012-1528-7
Sanulika, A., & Hidayati, W. N. (2021). Analisis perbandingan fraud pentagon dengan beneish ratio dalam pendeteksian fraudulent financial reporting dengan opini audit sebagai variabel moderating. 9(1), 1–16.
Septriyani, Y., & Handayani, D. (2018). Mendeteksi Kecurangan Laporan Keuangan dengan Analisis Fraud Pentagon. Jurnal Akuntansi, Keuangan Dan Bisnis, 11(1), 11–23. http://jurnal.pcr.ac.id
Setiawati, E., & Baningrum, R. M. (2018). Deteksi Fraudulent Financial Reporting Menggunakan Analisis Fraud Pentagon : Studi Kasus Pada Perusahaan Manufaktur Yang Listed Di BEI Tahun 2014-2016 Riset Akuntansi dan Keuangan Indonesia , 3 ( 2 ), 2018. Riset Akuntansi Dan Keuangan Indonesia, 3(1953), 91–106.
Siddiq, R., Achyani, F., & Zulfikar. (2017). Fraud Pentagon Dalam Mendeteksi Financial Statement. Seminar Nasional Dan the 4Th Call Syariah Paper, 1–14. http://hdl.handle.net/11617/9210
Sihombing, K. S., & Nur Rahardjo, S. (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. https://ejournal3.undip.ac.id/index.php/accounting/article/view/6136
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 in Corporate Governance and Firm Performance. In International Journal of Quality & Reliability Management (Vol. 32, Issue 3).
Tuanakotta, T. M. (2014). Mendeteksi Manipulasi Laporan Keuangan. Salemba Empat.
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). Paper Dipresentasikan Di Forum Ilmiah Pendidikan Akuntansi, 5(ISSN:233-9723), 399–417.
Untuk, M., Kecurangan, M., & Keuangan, P. (2009). Teori Kecurangan, Fraud Awareness dan Metodologi untuk Mendeteksi Kecurangan Pelaporan Keuangan. Bina Ekonomi, 13(2), 52–58. https://doi.org/10.26593/be.v13i2.722.%p
Wolfe, D. T., & Hermanson, D. R. (2004). The Fraud Diamond: Considering the Four Elements of Fraud. The CPA Journal, 74, 38–42.
Yesiariani, M., & Rahayu, I. (2016). ANALISIS FRAUD DIAMOND DALAM MENDETEKSI ( Studi Empiris pada Perusahaan LQ-45 yang Terdaftar di Bursa Efek Indonesia Tahun 2010 - 2014 ). Simposium Nasional Akuntansi XIX, Lampung, 1–22.
Zulkarnaen, W., Bagianto, A., Sabar, & Heriansyah, D. (2020). Management accounting as an instrument of financial fraud mitigation. International Journal of Psychosocial Rehabilitation, 24(3), 2471–2491. https://doi.org/10.37200/IJPR/V24I3/PR201894.
Agustina, Mie Mie, E. J. W. (2020). Procuratio : Jurnal Ilmiah Manajemen Procuratio : Jurnal Ilmiah Manajemen. Charli Ones Chintya,Putri Intan Permata Sari Dkk., 8(2), 491–502.
Agustina, R. D., & Pratomo, D. (2019). Pengaruh Fraud Pentagon Dalam Mendeteksi Kecurangan Pelaporan Keuangan. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 3(1), 44–62. https://doi.org/10.31955/mea.vol3.iss1.pp44-62
Albrecht, S.W., C. O. Albrecht., C. C. Albrecht, & M. F. Z. (2011). Fraud Examination Fourth Edition (Edition 5). Cengage Learning.
Annisya, M., Lindrianasari, & Asmaranti, Y. (2016). Pendeteksian Kecurangan Laporan Keuangan Menggunakan Fraud Diamond. Jurnal Bisnis Dan Ekonomi (JBE), 23(1), 72–89.
Aprilia, A. (2017). Analisis Pengaruh Fraud Pentagon Terhadap Kecurangan Laporan Keuangan Menggunakan Beneish Model Pada Perusahaan Yang Menerapkan Asean Corporate Governance Scorecard. Jurnal ASET
(Akuntansi Riset), 9(1), 101. https://doi.org/10.17509/jaset.v9i1.5259 Apriliana, S., & Agustina, L. (2017). The Analysis of Fraudulent Financial
Reporting Determinant through Fraud Pentagon Approach. Jurnal Dinamika Akuntansi, 9(2), 154–165. https://doi.org/10.15294/jda.v7i1.4036
Azham, Teck Heang, L., Mohamad, R., & Ojo, M. (2008). Internship and Audit Expectation Gap Among Undergraduate Students in Universiti Utara Malaysia. Journal of Financial Reporting and Accounting, 6(1), 55–74. https://doi.org/10.1108/19852510880000635
Bawekes, H. F. (2018). Pengujian Teori Fraud Pentagon Terhadap Fraudulent Financial Reporting (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015). Jurnal Akuntansi & Keuangan Daerah, 13(1), 114–134.
Cahyanti, D. (2020). Analisis Fraud pentagon terhadap Kecurangan Laporan Keuangan. Analisis Fraud Pentagon Sebagai Pendeteksi Kecurangan Terhadap Laporan Keuangan, 53(9), 1689–1699.
Dalimunthe, A. R., & Hakim, L. (2020). Determinan Persepsi Fraudulent Financial Reporting Dalam Fraud Pentagon. Prosiding Konferensi Nasional Ekonomi Manajemen Dan Akuntansi (KNEMA), 1177.
Faradiza, S. A. (2019). FRAUD PENTAGON DAN KECURANGAN LAPORAN KEUANGAN Sekar Akrom Faradiza. Sekar Akrom Faradiza, 4988, 1–22.
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
Kontesa, M., Brahmana, R., & Tong, A. H. H. (2021). Narcissistic CEOs and their earnings management. Journal of Management and Governance, 25(1), 223– 249. https://doi.org/10.1007/s10997-020-09506-0
Lou, Y.-I., & Wang, M.-L. (2011). Fraud Risk Factor Of The Fraud Triangle Assessing The Likelihood Of Fraudulent Financial Reporting. Journal of Business & Economics Research (JBER), 7(2), 61–78. https://doi.org/10.19030/jber.v7i2.2262
Manurung, D. T. H., & Hardika, A. L. (2015). Analysis of factors that influence financial statement fraud in the perspective fraud diamond: Empirical study on banking companies listed on the Indonesia Stock Exchange year 2012 to 2014. International Conference on Accounting Studies (ICAS), August. www.icas.my
Manurung, D. T. H., & Hardika, A. L. (2019). Analysis of Factors That Influence Financial Statement Fraud In The Perspective Fraud Triangle: Empirical Study on Banking Companies In Indonesia. August. https://doi.org/10.4108/eai.18-7-2019.2288648
Marks, J. (2012). The Mind Behind the Fraudsters Crime: Key Behavioral and Environmental Elements. Horwath, Crowe, 94(8), 14.
Marsellisa, N. (2018). Financial statement fraud: Perspective of the Pentagon Fraud model in Indonesia. Academy of Accounting and Financial Studies Journal, 22(3), 1–9.
Meilida, A., & Mustikasari, E. (2018). Crowe’s Fraud Pentagon Analysis on the Development of Financial Statements in Banking in Indonesia. 13, 128–135. https://doi.org/10.15242/dirpub.ea0118403
Nanda, S. T., Zenita, R., & Salmiah, N. (2019). Fraudulent Financial Reporting: A Fraud Pentagon Analysis. GATR Accounting and Finance Review, 4(4), 106– 113. https://doi.org/10.35609/afr.2019.4.4(2)
Purwaningtyas, N. A., & Ayem, S. (2021). Analisis Fraud Pentagon Dalam Mendeteksi Kecurangan Laporan Keuangan. Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha, 29(1), 69–91. https://doi.org/10.32477/jkb.v29i1.239
Rachmawati dan Marsono. (2014). Perspektif Fraud Triangle terhadap Fraudulent Financial Reporting (Studi Kasus pada Perusahaan Berdasarkan Sanksi dari Bapepam Periode 2008-2012) | Rachmawati | Diponegoro Journal of Accounting. Pengaruh Faktor-Faktor Dalam Perspektif Fraud Triangle Terhadap Fraudulent Financial Reporting, 3, 1–14. https://ejournal3.undip.ac.id/index.php/accounting/article/view/6139
Rezaee, Z. (2004). Financial Statement Fraud: Prevention and Detection. In Research in Accounting Regulation (Vol. 17). https://doi.org/10.1016/s1052- 0457(04)17015-x
Rijsenbilt, A., & Commandeur, H. (2013). Narcissus Enters the Courtroom: CEO Narcissism and Fraud. Journal of Business Ethics, 117(2), 413–429. https://doi.org/10.1007/s10551-012-1528-7
Sanulika, A., & Hidayati, W. N. (2021). Analisis perbandingan fraud pentagon dengan beneish ratio dalam pendeteksian fraudulent financial reporting dengan opini audit sebagai variabel moderating. 9(1), 1–16.
Septriyani, Y., & Handayani, D. (2018). Mendeteksi Kecurangan Laporan Keuangan dengan Analisis Fraud Pentagon. Jurnal Akuntansi, Keuangan Dan Bisnis, 11(1), 11–23. http://jurnal.pcr.ac.id
Setiawati, E., & Baningrum, R. M. (2018). Deteksi Fraudulent Financial Reporting Menggunakan Analisis Fraud Pentagon : Studi Kasus Pada Perusahaan Manufaktur Yang Listed Di BEI Tahun 2014-2016 Riset Akuntansi dan Keuangan Indonesia , 3 ( 2 ), 2018. Riset Akuntansi Dan Keuangan Indonesia, 3(1953), 91–106.
Siddiq, R., Achyani, F., & Zulfikar. (2017). Fraud Pentagon Dalam Mendeteksi Financial Statement. Seminar Nasional Dan the 4Th Call Syariah Paper, 1–14. http://hdl.handle.net/11617/9210
Sihombing, K. S., & Nur Rahardjo, S. (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. https://ejournal3.undip.ac.id/index.php/accounting/article/view/6136
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 in Corporate Governance and Firm Performance. In International Journal of Quality & Reliability Management (Vol. 32, Issue 3).
Tuanakotta, T. M. (2014). Mendeteksi Manipulasi Laporan Keuangan. Salemba Empat.
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). Paper Dipresentasikan Di Forum Ilmiah Pendidikan Akuntansi, 5(ISSN:233-9723), 399–417.
Untuk, M., Kecurangan, M., & Keuangan, P. (2009). Teori Kecurangan, Fraud Awareness dan Metodologi untuk Mendeteksi Kecurangan Pelaporan Keuangan. Bina Ekonomi, 13(2), 52–58. https://doi.org/10.26593/be.v13i2.722.%p
Wolfe, D. T., & Hermanson, D. R. (2004). The Fraud Diamond: Considering the Four Elements of Fraud. The CPA Journal, 74, 38–42.
Yesiariani, M., & Rahayu, I. (2016). ANALISIS FRAUD DIAMOND DALAM MENDETEKSI ( Studi Empiris pada Perusahaan LQ-45 yang Terdaftar di Bursa Efek Indonesia Tahun 2010 - 2014 ). Simposium Nasional Akuntansi XIX, Lampung, 1–22.
Zulkarnaen, W., Bagianto, A., Sabar, & Heriansyah, D. (2020). Management accounting as an instrument of financial fraud mitigation. International Journal of Psychosocial Rehabilitation, 24(3), 2471–2491. https://doi.org/10.37200/IJPR/V24I3/PR201894.
Published
2021-07-10
How to Cite
Christian, N., Kho, J., Kho, K., Cahya, C., & Agustina, M. (2021). IS FRAUD PENTAGON EFFECTIVE IN DETECTING FRAUDULENT FINANCIAL STATEMENT IN CAMBODIA?. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 5(2), 1163-1182. https://doi.org/10.31955/mea.v5i2.1333
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