DETERMINANTS OF FRAUDULENT FINANCIAL REPORTING IN MINING COMPANIES: PENTAGON THEORY FRAUD PERSPECTIVE
Keywords:
fraud pentagon theory, Fraudulent Financial Statements
Abstract
The purpose of this research is to find empirical evidence the influence of the fraud pentagon which consists of pressure, opportunity, rationalization, competence and arrogance on Fraudulent Financial Statements. The research method used in this study is multivariate analysis using the Generalized Structured Component Analysis tool. The research population is manufacturing companies in the mining sector listed on the Indonesia Stock Exchange for the 2017-2021 period with a total sample of 60 companies. This study shows that pressure, opportunity and competence have a significant effect on fraudulent financial statements, while rationalization and arrogance have no significant effect on fraudulent financial statements.
References
Abdullahi, R., & Mansor, N. (2018). Fraud prevention initiatives in the Nigerian public sector: Understanding the relationship of fraud incidences and the elements of fraud triangle theory. Journal of Financial Crime, 25(2), 527–544.
ACFE Indonesia. 2020. Survei Fraud Indonesia 2019.
Anggraini, W. R., & Suryani, A. W. (2021). Fraudulent financial reporting through the lens of the fraud pentagon theory. Jurnal Akuntansi Aktual, 8(1), 1–12.
Annisya, M., Lindrianasari, & Asmaranti, Y. (2016). Pendeteksi Kecurangan Laporan Keuangan Menggunakan Fraud Diamond. Jurnal Bisnis Dan Ekonomi, 23(1), 72–89.
Arifin, M. B., & Prasetyo, A. B. (2018). PENGARUH RASIO LEVERAGE KEUANGAN, PROFITABILITAS, KOMPOSISI ASET, LIKUIDITAS, PERPUTARAN MODAL, DAN PERPUTARAN PIUTANG TERHADAP KECURANGAN PELAPORAN KEUANGAN. Diponegoro Journal of Accounting.
Arisandi, Dopi., dan Verawaty. 2017. Fraud Pentagon Dalam Mendeteksi Kecurangan Laporan Keuangan Pada Perusahaan Keuanan Dan Perbankan Di Indonesia. Seminar Nasional Global Competitive Advantage. ISBN: 978-602-74335-3-3.
Ariyanto, D. 2021. FRAUDULENT FINANCIAL STATEMENTS IN PHARMACEUTICAL COMPANIES: FRAUD PENTAGON THEORY PERSPECTIVE. In Journal of Legal, Ethical and Regulatory Issues (Vol. 24, Issue 6).
Aviantara, Ryan. 2021. “The Association between Fraud Hexagon and Government’s Fraudulent Financial Report.” Asia Pacific Fraud Journal 6(1):26–42. doi: 10.21532/apfjournal.v6i1.192.
Crowe, H. (2011). Why The Fraud Triangle Is No Longer Enough. In Horwath, Crowe LLP.
Faradiza, S. A. (2019). Fraud Pentagon dan Kecurangan Laporan Keuangan. Sekar Akrom Faradiza, 4988, 1–22.
Hadi, M. Soelung Wicaksono, Dwi Jaya Kirana, and Aniek Wijayanti. 2021. “Pendeteksian Fraudulent Financial Reporting Dengan Fraud Hexagon Pada Perusahaan Di Indonesia.” Pp. 1036–52 in Business Management, and Accounting National Seminar. Vol. 2. Jakarta.
Harahap, D. A. T., Majidah, dan Triyanto, D. N. 2017. “Pengujian Fraud Diamond Dalam Kecurangan Laporan Keuangan (Studi Kasus Pada Perusahaan Pertambangan yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015)”. E-Proceeding of Management.Vol. 4. No. 1.
Kusumaningrum, A. W dan Murtanto. 2016. “Analisis Pengaruh Fraud Diamond dalam Mendeteksi Kecurangan Laporan Keuangan”. Seminar Nasional dan Call Paper Fakultas Ekonomi UNIBA Surakarta.
Larum, Kordianus, Diana Zuhroh, and Edi Subiyantoro. 2021. “Fraudulent Financial Reporting : Menguji Potensi Kecurangan Pelaporan Keuangan Dengan Menggunakan Teori Fraud Hexagon.” Accounting and Financial Review 4(1):82–94.
Nindito, Marsellisa. 2018. Financial Statement Fraud of The Pentagon Fraud Model in Indonesia. Academy of Accounting and Financial Studies Journal. Vol. 2. No. 2.
Sariutami, A dan A. Nurbaiti. 2016. “Analysis of Fraudulent Financial Statement in Fraud Triangle Perspective (Study at Listed Companies in Indonesia Stock Exchange (BEI) in Period 2010-2014”. The 7th Smart Collaboration for Business in Technology and Information Industries.
Siddiq, Faiz Rahman., et al. 2017. Fraud Pentagon Dalam Mendeteksi Financial Statement Fraud”. Peran Profesi Akuntansi Dalam Penanggulangan Korupsi. Seminar Nasional dan The 4th Call for Syariah Paper. ISSN: 2460-0784.
Sujarweni, V. Wiratna. 2016. Pengantar Akuntansi. Yogyakarta: Pustaka Baru Press.
Tessa, Chyntia dan Harto, Puji. 2016. Fraudulent Financial Reporting: Pengujian Teori Fraud Pentagon pada Sektor Keuangan dan Perbankan di Indonesia. Simposium Nasional Akuntansi XIX. Lampung: Simposium Nasional Akuntansi XIX.
Trihargo, G , C. 2020. Survai Fraud Indonesia. Dalam A. o. Examiners, Survai Fraud Indonesia 2020, ACFE Indonesia Chapter.
Ulfah & Nuraina. (2017). Pengaruh fraud pentagon dalam mendeteksi fraudulent financial reporting. Forum Ilmiah Pendidikan Akuntansi, 5(1), 399–417.
Weygandt, J., Kimmel, P., & Kieso, D. (2015). Financial Accounting: IFRS 3rd Edition. New Jersey: John Wiley & Sons.
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
ACFE Indonesia. 2020. Survei Fraud Indonesia 2019.
Anggraini, W. R., & Suryani, A. W. (2021). Fraudulent financial reporting through the lens of the fraud pentagon theory. Jurnal Akuntansi Aktual, 8(1), 1–12.
Annisya, M., Lindrianasari, & Asmaranti, Y. (2016). Pendeteksi Kecurangan Laporan Keuangan Menggunakan Fraud Diamond. Jurnal Bisnis Dan Ekonomi, 23(1), 72–89.
Arifin, M. B., & Prasetyo, A. B. (2018). PENGARUH RASIO LEVERAGE KEUANGAN, PROFITABILITAS, KOMPOSISI ASET, LIKUIDITAS, PERPUTARAN MODAL, DAN PERPUTARAN PIUTANG TERHADAP KECURANGAN PELAPORAN KEUANGAN. Diponegoro Journal of Accounting.
Arisandi, Dopi., dan Verawaty. 2017. Fraud Pentagon Dalam Mendeteksi Kecurangan Laporan Keuangan Pada Perusahaan Keuanan Dan Perbankan Di Indonesia. Seminar Nasional Global Competitive Advantage. ISBN: 978-602-74335-3-3.
Ariyanto, D. 2021. FRAUDULENT FINANCIAL STATEMENTS IN PHARMACEUTICAL COMPANIES: FRAUD PENTAGON THEORY PERSPECTIVE. In Journal of Legal, Ethical and Regulatory Issues (Vol. 24, Issue 6).
Aviantara, Ryan. 2021. “The Association between Fraud Hexagon and Government’s Fraudulent Financial Report.” Asia Pacific Fraud Journal 6(1):26–42. doi: 10.21532/apfjournal.v6i1.192.
Crowe, H. (2011). Why The Fraud Triangle Is No Longer Enough. In Horwath, Crowe LLP.
Faradiza, S. A. (2019). Fraud Pentagon dan Kecurangan Laporan Keuangan. Sekar Akrom Faradiza, 4988, 1–22.
Hadi, M. Soelung Wicaksono, Dwi Jaya Kirana, and Aniek Wijayanti. 2021. “Pendeteksian Fraudulent Financial Reporting Dengan Fraud Hexagon Pada Perusahaan Di Indonesia.” Pp. 1036–52 in Business Management, and Accounting National Seminar. Vol. 2. Jakarta.
Harahap, D. A. T., Majidah, dan Triyanto, D. N. 2017. “Pengujian Fraud Diamond Dalam Kecurangan Laporan Keuangan (Studi Kasus Pada Perusahaan Pertambangan yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015)”. E-Proceeding of Management.Vol. 4. No. 1.
Kusumaningrum, A. W dan Murtanto. 2016. “Analisis Pengaruh Fraud Diamond dalam Mendeteksi Kecurangan Laporan Keuangan”. Seminar Nasional dan Call Paper Fakultas Ekonomi UNIBA Surakarta.
Larum, Kordianus, Diana Zuhroh, and Edi Subiyantoro. 2021. “Fraudulent Financial Reporting : Menguji Potensi Kecurangan Pelaporan Keuangan Dengan Menggunakan Teori Fraud Hexagon.” Accounting and Financial Review 4(1):82–94.
Nindito, Marsellisa. 2018. Financial Statement Fraud of The Pentagon Fraud Model in Indonesia. Academy of Accounting and Financial Studies Journal. Vol. 2. No. 2.
Sariutami, A dan A. Nurbaiti. 2016. “Analysis of Fraudulent Financial Statement in Fraud Triangle Perspective (Study at Listed Companies in Indonesia Stock Exchange (BEI) in Period 2010-2014”. The 7th Smart Collaboration for Business in Technology and Information Industries.
Siddiq, Faiz Rahman., et al. 2017. Fraud Pentagon Dalam Mendeteksi Financial Statement Fraud”. Peran Profesi Akuntansi Dalam Penanggulangan Korupsi. Seminar Nasional dan The 4th Call for Syariah Paper. ISSN: 2460-0784.
Sujarweni, V. Wiratna. 2016. Pengantar Akuntansi. Yogyakarta: Pustaka Baru Press.
Tessa, Chyntia dan Harto, Puji. 2016. Fraudulent Financial Reporting: Pengujian Teori Fraud Pentagon pada Sektor Keuangan dan Perbankan di Indonesia. Simposium Nasional Akuntansi XIX. Lampung: Simposium Nasional Akuntansi XIX.
Trihargo, G , C. 2020. Survai Fraud Indonesia. Dalam A. o. Examiners, Survai Fraud Indonesia 2020, ACFE Indonesia Chapter.
Ulfah & Nuraina. (2017). Pengaruh fraud pentagon dalam mendeteksi fraudulent financial reporting. Forum Ilmiah Pendidikan Akuntansi, 5(1), 399–417.
Weygandt, J., Kimmel, P., & Kieso, D. (2015). Financial Accounting: IFRS 3rd Edition. New Jersey: John Wiley & Sons.
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
2023-04-25
How to Cite
Yanto, A. F. F. (2023). DETERMINANTS OF FRAUDULENT FINANCIAL REPORTING IN MINING COMPANIES: PENTAGON THEORY FRAUD PERSPECTIVE. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 7(1), 843-859. https://doi.org/10.31955/mea.v7i1.2937
Section
Articles
Copyright (c) 2023 Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
