Pengaruh Fraud Pentagon terhadap Kecurangan Laporan Keuangan dengan Komite Audit sebagai Variabel Moderasi

https://doi.org/10.35912/jakman.v3i1.481
Published: Dec 16, 2021

Abstract:

Purpose: This study aims to determine the effect of the five components from fraud pentagon, namely pressure, opportunity, rationalization, competence, and arrogance moderated by the audit committee on fraudulent financial statements.

Research Methodology: This research is a type of quantitative research using secondary data in the form of annual reports and company financial reports. The regression model used in this study is logistic regression which is processed using the STATA version 16.

Results: The results of this study are pressure has a significant positive effect on fraudulent financial statements. Meanwhile, opportunities, rationalization, competence, and arrogance do not have an effect on fraudulent financial statements, besides that the audit committee also cannot moderate the effect of the pressure, opportunities, rationalization, competence, and arrogance on fraudulent financial statements.

Limitations: The lack of supporting literature obtained by the authors regarding the audit committee that oversees management in the company is used as a moderating variable on the topic of financial statement fraud.

Contribution: This study's results can be used as a reference for further researchers and take into consideration for company management, investors, and creditors in making decisions.

Keywords:
1. Fraud Pentagon
2. Fraudulent Financial Reporting
3. Audit Committee
4. Beneish M-Score
Authors:
1 . Afifah Sentani Rahma Nia Luhri
2 . Ayunita Ajengtiyas S Mashuri
3 . Husnah Nur Laela Ermaya
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How to Cite
Luhri, A. S. R. N., Mashuri, A. A. S. ., & Ermaya, H. N. L. (2021). Pengaruh Fraud Pentagon terhadap Kecurangan Laporan Keuangan dengan Komite Audit sebagai Variabel Moderasi. Jurnal Akuntansi, Keuangan, Dan Manajemen, 3(1), 15–30. https://doi.org/10.35912/jakman.v3i1.481
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Issue & Section
Vol. 3 No. 1 (2021): Desember
Articles
Author Biographies

Ayunita Ajengtiyas S Mashuri, Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional Veteran Jakarta, Depok

Fakultas Ekonomi dan Bisnis

Husnah Nur Laela Ermaya, Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional Veteran Jakarta, Depok

Fakultas Ekonomi dan Bisnis

References

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    Adams, M. B. (1994). Agency Theory and the Internal Audit. Managerial Auditing Journal, 9(8), 8–12. https://doi.org/10.1108/02686909410071133

    Agusputri, H., & Sofie. (2019). Faktor - Faktor Yang Berpengaruh Terhadap Fraudulent Financial Reporting Dengan Menggunakan Analisis Fraud Pentagon. Jurnal Informasi, Perpajakan, Akuntansi, Dan Keuangan Publik, 14(2), 105. https://doi.org/10.25105/jipak.v14i2.5049

    AICPA. (2002). Consideration of Fraud in a Financial Statement Audit. In Statement on Auditing Standard No. 99. https://doi.org/10.1002/9781119757566.ch7

    Albrecht, C., Holland, D., Malagueño, R., Dolan, S., & Tzafrir, S. (2014). The Role of Power in Financial Statement Fraud Schemes. Journal of Business Ethics, 131(4), 803–813. https://doi.org/10.1007/s10551-013-2019-1

    Amarakamini, N. P., & Suryani, E. (2019). Pengaruh Fraud Pentagon Terhadap Fraudulent Financial Statement Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (Bei) Tahun 2016 Dan 2017. Jurnal Akuntansi, 7(2), 125–136.

    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

    Cressey, D. R. (1953). Other People’s Money: A Study in the Social Psychology of Embezzlement. Free Press.

    Damayani, F., Wahyudi, T., & Yuniartie, E. (2019). Pengaruh Fraud Pentagon Terhadap Kecurangan Laporan Keuangan Pada Perusahaan Infrastruktur Yangterdaftar Di Bursa Efek Indonesiatahun 2014 – 2016. AKUNTABILITAS: Jurnal Penelitian Dan Pengembangan Akuntansi, 11(2), 151–170. https://doi.org/10.29259/ja.v11i2.8936

    Davis, J. H., Schoorman, F. D., & Donaldson, L. (2018). Toward a stewardship theory of management. Business Ethics and Strategy, Volumes I and II, 22(1), 473–500. https://doi.org/10.4324/9781315261102-29

    Donaldson, L., & Davis, J. H. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns. Australian Journal of Management, 16(1), 49–64. https://doi.org/10.1177/031289629101600103

    Handoko, B. L., & Natasya. (2019). Fraud diamond model for fraudulent financial statement detection. International Journal of Recent Technology and Engineering, 8(3), 6865–6872. https://doi.org/10.35940/ijrte.C5838.098319

    Haqq, A. P. N. A., & Budiwitjaksono, G. S. (2019). Fraud Pentagon for Detecting Financial Statement Fraud. Journal of Economics, Business, and Accountancy Ventura, 22(3), 319–332. https://doi.org/10.14414/jebav.v22i3.1788.ABSTRACT

    Howarth, C. (2011). The Mind Behind The Fraudsters Crime : Key Behavioral and Environmental Elements. Crowe Horwath LLP, 1–62. www.crowe.com

    Jensen, M. C., & Meckling, W. H. (1976). Theory of The Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics 3, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X

    John Tirtawirya, M., & Riyadi, S. (2021). Pengaruh Segitiga Kecurangan untuk Mengidentifikasi Kecurangan Laporan Keuangan Menggunakan Variabel Moderasi Penerapan Integrasi Teknologi Industri. Jurnal Akuntansi, Keuangan, Dan Manajemen, 2(3), 179–194. https://doi.org/10.35912/jakman.v2i3.108

    Kartika, S. N., & Sudarno. (2014). Analisis Pengalaman Pra Komite Audit Terhadap Pendeteksian Kecurangan Pelaporan Keuangan. Diponegoro Journal of Accounting, 0(0), 569–578.

    Larasati, T., Wijayanti, A., & Maulana, A. (2020). Keahlian Keuangan Komite Audit Dalam Memoderasi Pengaruh Fraud Triangle Terhadap Kecurangan Laporan Keuangan. 1(8).

    Listya, A., & Siregar, M. I. (2020). Audit rotation and audit fee determination policy on audit quality with lowballing audit practice as the intervening variable. Jurnal Akuntansi, Keuangan, Dan Manajemen, 2(1), 71–82. https://doi.org/10.35912/jakman.v2i1.183

    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)

    Pamungkas, I. D., Ghozali, I., Achmad, T., Khaddafi, M., & Hidayah, R. (2018). Corporate governance mechanisms in preventing accounting fraud: A study of fraud pentagon model. Journal of Applied Economic Sciences, 13(2), 549–560.

    Pasaribu, Y. T. W., & Kusumawati, S. M. (2020). Analisis Pengaruh Fraud Pentagon Dalam Mendeteksi Fraudulent Financial Reporting Pada Perusahaan Jasa Nonkeuangan. Jurnal Ilmu Manajemen, 12(1), 104–124. http://ejournals.umn.ac.id/index.php/manajemen/article/view/1596

    Rengganis, R. M. Y. D., Sari, M. M. R., Budiasih, I. G. A. ., Wirajaya, I. G. A., & Suprasto, H. B. (2019). The fraud diamond: element in detecting financial statement of fraud. International Research Journal of Management, IT and Social Sciences, 6(3), 1–10. https://doi.org/10.21744/irjmis.v6n3.621

    Ruchiatna, G., Midiastuty, P. P., & Suranta, E. (2020). Pengaruh karakteristik komite audit terhadap fraudulent financial reporting ( The effect of audit committee characteristics on fraudulent financial reporting ). Jurnal Akuntansi, Keuangan, Dan Manajemen (Jakman), 1(4), 255–264.

    Santoso, S. H. (2019). Fenomena Kecurangan Laporan Keuangan Pada Perusahaan Terbuka di Indonesia. Jurnal Magister Akuntansi Trisakti, 6(2), 173–200. https://trijurnal.lemlit.trisakti.ac.id/jmat/article/view/5556/pdf

    Septriyani, Y., & Handayani, D. (2018). Mendeteksi Kecurangan Laporan Keuangan dengan Analisis Fraud Pentagon. Jurnal Akuntansi, Keuangan Dan Bisnis, 11(1), 11–23.

    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), 91–106. https://doi.org/10.23917/reaksi.v3i2.6645

    Siswantoro, S. (2020). Pengaruh Faktor Tekanan dan Ukuran Perusahaan terhadap Kecurangan Laporan Keuangan (The Effect of Pressure’s Factors and Company Size Towards Fraudulent Financial Statements). Jurnal Akuntansi, Keuangan, Dan Manajemen, 1(4), 287–300.

    Skousen, C. J., Smith, K. R., & Wright, C. J. (2008). Detecting and Predicting Financial Statement Fraud: The Effectiveness of the Fraud Triangle and SAS No. 99. SSRN Electronic Journal, 99. https://doi.org/10.2139/ssrn.1295494

    Skousen, C. J., Smith, K. R., & Wright, C. J. (2015). Corporate Governance and Firm Performance Detecting and predicting financial statement fraud: The effectiveness of the fraud triangle and SAS No. 99. In Corporate Governance and Firm Performance (Issue 99). http://dx.doi.org/10.1108/S1569-3732(2009)0000013005

    Sugita, M., Darlis, E., & Rofika. (2018). Peran Komite Audit Sebagai Variabel Moderasi Terhadap Hubungan Fraud Diamond dan Pendeteksian Financial Statement Fraud. JOM FEB, 1.

    Supri, Z., Rura, Y., & Pontoh, G. T. (2018). Detection of fraudulent financial statements with fraud. Journal of Research in Business and Management, 6(5), 39–45.

    Uciati, N., & Mukhibad, H. (2019). Fraudulent Financial Statements at Sharia Banks. Accounting Analysis Journal, 8(3), 198–206. https://doi.org/10.15294/aaj.v8i3.33625

    Umar, H., Indriani, A., & Purba, R. B. (2019). the Determinant Fraud Prevention of Quality Local Government’S Financial Report. JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi, 5(1), 41. https://doi.org/10.31289/jab.v5i1.2310

    Wailan’An, E. J., Erlina, & Bakar, E. A. (2017). Effect of Fraud Diamond on Fraud Financial Statement Detection With Audit Committee Moderation Variables. International Journal of Public Budgeting, Accounting and Finance.

    Wolfe, D. T., & Hermanson, D. R. (2004). The FWolfe, D. T. and Hermanson, D. R. (2004) ‘The Fraud Diamond : Considering the Four Elements of Fraud: Certified Public Accountant’, The CPA Journal, 74(12), pp. 38–42. doi: DOI:raud Diamond : Considering the Four ElemWolfe, D. T. and Hermanson, D. R. The CPA Journal, 74(12), 38–42.

  1. ACFE. (2003). Fraudbasics. Association of Certified Fraud Examiners. https://www.acfe.com/article.aspx?id=4294967876
  2. Adams, M. B. (1994). Agency Theory and the Internal Audit. Managerial Auditing Journal, 9(8), 8–12. https://doi.org/10.1108/02686909410071133
  3. Agusputri, H., & Sofie. (2019). Faktor - Faktor Yang Berpengaruh Terhadap Fraudulent Financial Reporting Dengan Menggunakan Analisis Fraud Pentagon. Jurnal Informasi, Perpajakan, Akuntansi, Dan Keuangan Publik, 14(2), 105. https://doi.org/10.25105/jipak.v14i2.5049
  4. AICPA. (2002). Consideration of Fraud in a Financial Statement Audit. In Statement on Auditing Standard No. 99. https://doi.org/10.1002/9781119757566.ch7
  5. Albrecht, C., Holland, D., Malagueño, R., Dolan, S., & Tzafrir, S. (2014). The Role of Power in Financial Statement Fraud Schemes. Journal of Business Ethics, 131(4), 803–813. https://doi.org/10.1007/s10551-013-2019-1
  6. Amarakamini, N. P., & Suryani, E. (2019). Pengaruh Fraud Pentagon Terhadap Fraudulent Financial Statement Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (Bei) Tahun 2016 Dan 2017. Jurnal Akuntansi, 7(2), 125–136.
  7. 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
  8. Cressey, D. R. (1953). Other People’s Money: A Study in the Social Psychology of Embezzlement. Free Press.
  9. Damayani, F., Wahyudi, T., & Yuniartie, E. (2019). Pengaruh Fraud Pentagon Terhadap Kecurangan Laporan Keuangan Pada Perusahaan Infrastruktur Yangterdaftar Di Bursa Efek Indonesiatahun 2014 – 2016. AKUNTABILITAS: Jurnal Penelitian Dan Pengembangan Akuntansi, 11(2), 151–170. https://doi.org/10.29259/ja.v11i2.8936
  10. Davis, J. H., Schoorman, F. D., & Donaldson, L. (2018). Toward a stewardship theory of management. Business Ethics and Strategy, Volumes I and II, 22(1), 473–500. https://doi.org/10.4324/9781315261102-29
  11. Donaldson, L., & Davis, J. H. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns. Australian Journal of Management, 16(1), 49–64. https://doi.org/10.1177/031289629101600103
  12. Handoko, B. L., & Natasya. (2019). Fraud diamond model for fraudulent financial statement detection. International Journal of Recent Technology and Engineering, 8(3), 6865–6872. https://doi.org/10.35940/ijrte.C5838.098319
  13. Haqq, A. P. N. A., & Budiwitjaksono, G. S. (2019). Fraud Pentagon for Detecting Financial Statement Fraud. Journal of Economics, Business, and Accountancy Ventura, 22(3), 319–332. https://doi.org/10.14414/jebav.v22i3.1788.ABSTRACT
  14. Howarth, C. (2011). The Mind Behind The Fraudsters Crime?: Key Behavioral and Environmental Elements. Crowe Horwath LLP, 1–62. www.crowe.com
  15. Jensen, M. C., & Meckling, W. H. (1976). Theory of The Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics 3, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
  16. John Tirtawirya, M., & Riyadi, S. (2021). Pengaruh Segitiga Kecurangan untuk Mengidentifikasi Kecurangan Laporan Keuangan Menggunakan Variabel Moderasi Penerapan Integrasi Teknologi Industri. Jurnal Akuntansi, Keuangan, Dan Manajemen, 2(3), 179–194. https://doi.org/10.35912/jakman.v2i3.108
  17. Kartika, S. N., & Sudarno. (2014). Analisis Pengalaman Pra Komite Audit Terhadap Pendeteksian Kecurangan Pelaporan Keuangan. Diponegoro Journal of Accounting, 0(0), 569–578.
  18. Larasati, T., Wijayanti, A., & Maulana, A. (2020). Keahlian Keuangan Komite Audit Dalam Memoderasi Pengaruh Fraud Triangle Terhadap Kecurangan Laporan Keuangan. 1(8).
  19. Listya, A., & Siregar, M. I. (2020). Audit rotation and audit fee determination policy on audit quality with lowballing audit practice as the intervening variable. Jurnal Akuntansi, Keuangan, Dan Manajemen, 2(1), 71–82. https://doi.org/10.35912/jakman.v2i1.183
  20. 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)
  21. Pamungkas, I. D., Ghozali, I., Achmad, T., Khaddafi, M., & Hidayah, R. (2018). Corporate governance mechanisms in preventing accounting fraud: A study of fraud pentagon model. Journal of Applied Economic Sciences, 13(2), 549–560.
  22. Pasaribu, Y. T. W., & Kusumawati, S. M. (2020). Analisis Pengaruh Fraud Pentagon Dalam Mendeteksi Fraudulent Financial Reporting Pada Perusahaan Jasa Nonkeuangan. Jurnal Ilmu Manajemen, 12(1), 104–124. http://ejournals.umn.ac.id/index.php/manajemen/article/view/1596
  23. Rengganis, R. M. Y. D., Sari, M. M. R., Budiasih, I. G. A. ., Wirajaya, I. G. A., & Suprasto, H. B. (2019). The fraud diamond: element in detecting financial statement of fraud. International Research Journal of Management, IT and Social Sciences, 6(3), 1–10. https://doi.org/10.21744/irjmis.v6n3.621
  24. Ruchiatna, G., Midiastuty, P. P., & Suranta, E. (2020). Pengaruh karakteristik komite audit terhadap fraudulent financial reporting ( The effect of audit committee characteristics on fraudulent financial reporting ). Jurnal Akuntansi, Keuangan, Dan Manajemen (Jakman), 1(4), 255–264.
  25. Santoso, S. H. (2019). Fenomena Kecurangan Laporan Keuangan Pada Perusahaan Terbuka di Indonesia. Jurnal Magister Akuntansi Trisakti, 6(2), 173–200. https://trijurnal.lemlit.trisakti.ac.id/jmat/article/view/5556/pdf
  26. Septriyani, Y., & Handayani, D. (2018). Mendeteksi Kecurangan Laporan Keuangan dengan Analisis Fraud Pentagon. Jurnal Akuntansi, Keuangan Dan Bisnis, 11(1), 11–23.
  27. 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), 91–106. https://doi.org/10.23917/reaksi.v3i2.6645
  28. Siswantoro, S. (2020). Pengaruh Faktor Tekanan dan Ukuran Perusahaan terhadap Kecurangan Laporan Keuangan (The Effect of Pressure’s Factors and Company Size Towards Fraudulent Financial Statements). Jurnal Akuntansi, Keuangan, Dan Manajemen, 1(4), 287–300.
  29. Skousen, C. J., Smith, K. R., & Wright, C. J. (2008). Detecting and Predicting Financial Statement Fraud: The Effectiveness of the Fraud Triangle and SAS No. 99. SSRN Electronic Journal, 99. https://doi.org/10.2139/ssrn.1295494
  30. Skousen, C. J., Smith, K. R., & Wright, C. J. (2015). Corporate Governance and Firm Performance Detecting and predicting financial statement fraud: The effectiveness of the fraud triangle and SAS No. 99. In Corporate Governance and Firm Performance (Issue 99). http://dx.doi.org/10.1108/S1569-3732(2009)0000013005
  31. Sugita, M., Darlis, E., & Rofika. (2018). Peran Komite Audit Sebagai Variabel Moderasi Terhadap Hubungan Fraud Diamond dan Pendeteksian Financial Statement Fraud. JOM FEB, 1.
  32. Supri, Z., Rura, Y., & Pontoh, G. T. (2018). Detection of fraudulent financial statements with fraud. Journal of Research in Business and Management, 6(5), 39–45.
  33. Uciati, N., & Mukhibad, H. (2019). Fraudulent Financial Statements at Sharia Banks. Accounting Analysis Journal, 8(3), 198–206. https://doi.org/10.15294/aaj.v8i3.33625
  34. Umar, H., Indriani, A., & Purba, R. B. (2019). the Determinant Fraud Prevention of Quality Local Government’S Financial Report. JURNAL AKUNTANSI DAN BISNIS?: Jurnal Program Studi Akuntansi, 5(1), 41. https://doi.org/10.31289/jab.v5i1.2310
  35. Wailan’An, E. J., Erlina, & Bakar, E. A. (2017). Effect of Fraud Diamond on Fraud Financial Statement Detection With Audit Committee Moderation Variables. International Journal of Public Budgeting, Accounting and Finance.
  36. Wolfe, D. T., & Hermanson, D. R. (2004). The FWolfe, D. T. and Hermanson, D. R. (2004) ‘The Fraud Diamond?: Considering the Four Elements of Fraud: Certified Public Accountant’, The CPA Journal, 74(12), pp. 38–42. doi: DOI:raud Diamond?: Considering the Four ElemWolfe, D. T. and Hermanson, D. R. The CPA Journal, 74(12), 38–42.