Financial Statement Fraud Analysis Testing with the New Fraud Diamond Model in Manufacturing Companies Listed on the Indonesia Stock Exchange in 2017-2021

  • Faisal Yusuf Universitas Islam Indonesia
Keywords: Keywords: Financial statement fraud, New Fraud Diamond Model, Good corporate governance

Abstract

Financial statements are documents that contain information that describes the company's financial condition and reflects the real state of the company. Thus, making management try to produce financial statements that describe the company in a healthy state. However, management performance is sometimes not as good as expected. This encourages management to commit financial statement fraud. This study aims to determine the effect of the new fraud diamond model, namely pressure proxied with financial stability and external pressure, personal financial need and financial target, opportunity proxied by the nature of industry and Ineffective Monitoring, personal integrity proxied by earnings management, history of sales and earnings growth, capability proxied by change of directors and to determine the influence of good corporate  governance proxied by the Independent Board of Commissioners and Female on Board against financial statement fraud. This research is quantitative by using the population of manufacturing companies listed on the IDX in 2017-2021, selecting data using purposive sampling techniques. This research model is expected to help stakeholders in understanding the factors that affect the currence in financial statements.

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Published
2023-06-27