Pengaruh Independensi dan Keahlian Komite Audit Terhadap Manajemen Laba Riil dengan Kualitas Audit Sebagai Variabel Moderasi

https://doi.org/10.35912/jakman.v2i4.564
Published: Sep 15, 2021

Abstract:

Purpose: This study aimed to analyze the influence of the audit committee's independence and expertise on real earnings management by using audit quality as the moderating variable and firm size, leverage, and profitability as control variables.

Research Methodology: Real earnings management was processed by Roychowdhury’s model and it used the abnormal value of operating cash flow, discretionary expenses, and production costs. This study used secondary data from annual reports of non-financial companies listed on the Indonesia Stock Exchange for the period 2017-2019 and the total was 516 companies. This study used panel data regression and was processed by Stata.

Results: This study proves that audit committee independence and leverage have a significant negative effect on real earnings management through discretionary expenses and audit quality cannot moderate the relationship between audit committee independence and audit committee expertise on real earnings management.

Limitation: The study used audit quality as moderating variable. However, the results cannot prove that audit quality is able to affect real earnings management.

Contribution: The results obtained can be used for investors' and creditors' consideration when making investment or loans decisions and can be references for further research.

Keywords:
1. Audit Committee’s Independence
2. Audit Committee Expertise
3. Audit Quality
4. Real Earnings Management
Authors:
1 . Ditta Dwi Astuti
2 . Lidya Primta Surbakti
3 . Aniek Wijayanti
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How to Cite
Astuti, D. D., Surbakti, L. P., & Wijayanti, A. . (2021). Pengaruh Independensi dan Keahlian Komite Audit Terhadap Manajemen Laba Riil dengan Kualitas Audit Sebagai Variabel Moderasi. Jurnal Akuntansi, Keuangan, Dan Manajemen, 2(4), 345–358. https://doi.org/10.35912/jakman.v2i4.564
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Issue & Section
Vol. 2 No. 4 (2021): September
Articles
References

    Alzoubi, E. (2017). Audit Quality, Debt Financing, and Earnings Management: Evidence from Portugal. Australian Accounting, Business and Finance Journal, 6.

    Aymere, I. L., & Elijah, A. (2015). Audit Committee Attributes and Earnings Management : Evidence from Nigeria. International Journal of Business and Social Research, 05(04), 14–23.

    Badolato, P., Donelson, D. C., & Ege, M. (2014). Audit Committee Financial Expertise and Earnings Management: The Role of Status. Journal of Accounting and Economics. https://doi.org/10.1016/j.jacceco.2014.08.006

    Bala, H., & Kumai, B. (2015). Audit Committee Characteristics and Earnings Quality of Listed Food and Beverages Firms in Nigeria. International Journal of Accounting, Auditing and Taxation, 2(8), 216–227.

    Cohen, D. A., Dey, A., & Lys, T. Z. (2008). Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods. The Accounting Review, 83(3), 757–787. https://doi.org/10.2308/accr.2008.83.3.757

    DeAngelo, L. E. (1981). Auditor Size and Audit Quality. Journal of Accounting and Economics, 3.

    Dwiharyadi, A. (2017). Pengaruh Keahlian Akuntansi dan Keuangan Komite Audit dan Dewan Komisaris Terhadap Manajemen Laba. Jurnal Akuntansi dan Keuangan Indonesia, 14(1), 75–93. http://dx.doi.org/10.21002/jaki.2017.05

    Hassan, S. U., & Ibrahim, G. (2014). Governance Attributes and Real Activities Manipulation of Listed Manufacturing Firms in Nigeria. International Journal of Accounting and Taxation, 2(1), 37–62.

    Hidayanti, E., & Paramita, R. W. D. (2014). Pengaruh Good Corporate Governance Terhadap Praktik Manajemen Laba Riil Pada Perusahaan Manufaktur. Jurnal WIGA, 4(2), 1–16. https://doi.org/10.30741/wiga.v4i2.120

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    Khanh, H. T. M., & Khuong, N. V. (2018). Audit Quality, Firm Characteristics and Real Earnings Management : The Case of Listed Vietnamese Firms. International Journal of Economics and Financial Issues, 8(April), 243–249.

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    Kosasih, F. N., & Widayati, C. (2013). Pengaruh Independensi Komite Audit, Efektivitas Komite Audit dan Leverage Terhadap Praktik Manajemen Laba Pada Perusaahan di Sektor Industri Manufaktur yang Terdaftar di BEI Periode 2009-2011. Jurnal Akuntansi, 17(1).

    Lestari, T., Suranta, E., Midiastuty, P. P., & Fachruzzaman, F. (2020). Pengaruh siklus hidup perusahaan terhadap penghindaran pajak dengan manajemen laba sebagai variabel intervening. Jurnal Akuntansi, Keuangan, dan Manajemen, 1(3), 169-180.

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    Purwantiningsih, A., & Anggaeni, D. (2021). Analisis Pengaruh Corporate Governance dan Kualitas Audit terhadap Integritas Laporan Keuangan pada Perusahaan Manufaktur Sub Sektor Otomotif dan Komponen yang Terdaftar di Bursa Efek Indonesia Periode 2012-2017. Studi Akuntansi, Keuangan, dan Manajemen, 1(1), 33-43.

    Roychowdhury, S. (2006). Earnings Management Through Real Activities Manipulation. Journal of Accounting and Economics, Vol. 42, 335-370. https://doi.org/10.1016/j.jacceco.2006.01.002

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    Sun, J., Lan, G., & Liu, G. (2014). Independent Audit Committee Characteristics and Real Earnings Management. Managerial Accounting Journal, 29(2), 153–172. https://doi.org/10.1108/MAJ-05-2013-0865

    Suprianto, E., Suwarno, Murtini, H., Rahmawati, & Sawitri, D. (2017). Audit Committee Accounting Expert and Earnings Management wih "Status" Audit Committee as Moderating Value. Indonesian Journal of Sustainability Accounting and Management, 49-58.

    Supriyaningsih, F. (2016). The Influence of Audit Committee Characteristics on Real Earnings Management. Jurnal Akuntansi dan Auditing, 13(1).

    Surbakti, L. P., & Shaari, H. B. (2018). The Impact of Internal Monitoring Mechanism and External Audit on Earnings Quality Evidence from Indonesia. IOSR Journal of Business and Management, 20(12), 62–69. https://doi.org/10.26710/jafee.v3i1.97

    Susanto, Y. K., & Pradipta, A. (2016). Corporate governance and Real Earnings Management. International Journal of Business, Economics, and Law, 9(1), 17–23.

    Talbi, D., Omri, M. A., Geusmi, K., & Ftiti, Z. (2015). The Role Of Board Characteristics In Mitigating Management Opportunism : The Case Of Real Earnings Management. The Journal of Applied Business Research, 31(2), 661–674.

  1. Alzoubi, E. (2017). Audit Quality, Debt Financing, and Earnings Management: Evidence from Portugal. Australian Accounting, Business and Finance Journal, 6.
  2. Aymere, I. L., & Elijah, A. (2015). Audit Committee Attributes and Earnings Management?: Evidence from Nigeria. International Journal of Business and Social Research, 05(04), 14–23.
  3. Badolato, P., Donelson, D. C., & Ege, M. (2014). Audit Committee Financial Expertise and Earnings Management: The Role of Status. Journal of Accounting and Economics. https://doi.org/10.1016/j.jacceco.2014.08.006
  4. Bala, H., & Kumai, B. (2015). Audit Committee Characteristics and Earnings Quality of Listed Food and Beverages Firms in Nigeria. International Journal of Accounting, Auditing and Taxation, 2(8), 216–227.
  5. Cohen, D. A., Dey, A., & Lys, T. Z. (2008). Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods. The Accounting Review, 83(3), 757–787. https://doi.org/10.2308/accr.2008.83.3.757
  6. DeAngelo, L. E. (1981). Auditor Size and Audit Quality. Journal of Accounting and Economics, 3.
  7. Dwiharyadi, A. (2017). Pengaruh Keahlian Akuntansi dan Keuangan Komite Audit dan Dewan Komisaris Terhadap Manajemen Laba. Jurnal Akuntansi dan Keuangan Indonesia, 14(1), 75–93. http://dx.doi.org/10.21002/jaki.2017.05
  8. Hassan, S. U., & Ibrahim, G. (2014). Governance Attributes and Real Activities Manipulation of Listed Manufacturing Firms in Nigeria. International Journal of Accounting and Taxation, 2(1), 37–62.
  9. Hidayanti, E., & Paramita, R. W. D. (2014). Pengaruh Good Corporate Governance Terhadap Praktik Manajemen Laba Riil Pada Perusahaan Manufaktur. Jurnal WIGA, 4(2), 1–16. https://doi.org/10.30741/wiga.v4i2.120
  10. Jensen, M., & Meckling, W. H. (1976). Theory of The Firm: Managerial Behaviour, Agency Cost, and Ownership Structure. Journal of Financial Economics, 3(4), 305-360.
  11. Khanh, H. T. M., & Khuong, N. V. (2018). Audit Quality, Firm Characteristics and Real Earnings Management?: The Case of Listed Vietnamese Firms. International Journal of Economics and Financial Issues, 8(April), 243–249.
  12. Klein, A. (2002). Audit Committee, Board of Director Characteristics, and Earnings Management. Journal of Accounting and Economics, 33.
  13. Kosasih, F. N., & Widayati, C. (2013). Pengaruh Independensi Komite Audit, Efektivitas Komite Audit dan Leverage Terhadap Praktik Manajemen Laba Pada Perusaahan di Sektor Industri Manufaktur yang Terdaftar di BEI Periode 2009-2011. Jurnal Akuntansi, 17(1).
  14. Lestari, T., Suranta, E., Midiastuty, P. P., & Fachruzzaman, F. (2020). Pengaruh siklus hidup perusahaan terhadap penghindaran pajak dengan manajemen laba sebagai variabel intervening. Jurnal Akuntansi, Keuangan, dan Manajemen, 1(3), 169-180.
  15. Otoritas Jasa Keuangan . (2015). Peraturan Otoritas Jasa Keuangan Nomor 55/POJK.04/2015. Jakarta: Otoritas Jasa Keuangan.
  16. Prastiti, A., & Meiranto, W. (2013). Pengaruh Karakteristik Dewan Komisaris dan Komite Audit Terhadap Manajemen Laba. Diponegoro Journal of Accounting, 2(4), 1–12.
  17. Purwantiningsih, A., & Anggaeni, D. (2021). Analisis Pengaruh Corporate Governance dan Kualitas Audit terhadap Integritas Laporan Keuangan pada Perusahaan Manufaktur Sub Sektor Otomotif dan Komponen yang Terdaftar di Bursa Efek Indonesia Periode 2012-2017. Studi Akuntansi, Keuangan, dan Manajemen, 1(1), 33-43.
  18. Roychowdhury, S. (2006). Earnings Management Through Real Activities Manipulation. Journal of Accounting and Economics, Vol. 42, 335-370. https://doi.org/10.1016/j.jacceco.2006.01.002
  19. Santioso, L., Janice, E., & Daryanto, A. B. (2020). Faktor – Faktor Yang Mempengaruhi Real Earnings Management Pada Perusahaan Manufaktur di BEI. Jurnal Ekonomi, XXV(02), 163–181. http://dx.doi.org/10.24912/je.v25i2.650
  20. Sun, J., Lan, G., & Liu, G. (2014). Independent Audit Committee Characteristics and Real Earnings Management. Managerial Accounting Journal, 29(2), 153–172. https://doi.org/10.1108/MAJ-05-2013-0865
  21. Suprianto, E., Suwarno, Murtini, H., Rahmawati, & Sawitri, D. (2017). Audit Committee Accounting Expert and Earnings Management wih "Status" Audit Committee as Moderating Value. Indonesian Journal of Sustainability Accounting and Management, 49-58.
  22. Supriyaningsih, F. (2016). The Influence of Audit Committee Characteristics on Real Earnings Management. Jurnal Akuntansi dan Auditing, 13(1).
  23. Surbakti, L. P., & Shaari, H. B. (2018). The Impact of Internal Monitoring Mechanism and External Audit on Earnings Quality Evidence from Indonesia. IOSR Journal of Business and Management, 20(12), 62–69. https://doi.org/10.26710/jafee.v3i1.97
  24. Susanto, Y. K., & Pradipta, A. (2016). Corporate governance and Real Earnings Management. International Journal of Business, Economics, and Law, 9(1), 17–23.
  25. Talbi, D., Omri, M. A., Geusmi, K., & Ftiti, Z. (2015). The Role Of Board Characteristics In Mitigating Management Opportunism?: The Case Of Real Earnings Management. The Journal of Applied Business Research, 31(2), 661–674.