FRAUD PENTAGON IN DETECTING FINANCIAL STATEMENT FRAUD

• Fityan Izza Noor Abidin

  Muhammadiyah University of Sidoarjo, Indonesia

• Riza Arista Firana

  Muhammadiyah University of Sidoarjo, Indonesia

• Sarwenda Biduri

  Muhammadiyah University of Sidoarjo, Indonesia

Objective: This study aims to analyze the influence of the fraud pentagon elements on financial statement fraud in manufacturing companies within the food and beverage sub-sector listed on the Indonesia Stock Exchange (IDX) during the 2016–2020 period. Method: A quantitative approach was employed using secondary data derived from company annual reports. The sample consisted of 12 companies selected through purposive sampling, resulting in 60 firm-year observations. Results: The findings reveal that the elements of pressure, opportunity, rationalization, competence, and dualism position significantly affect the likelihood of financial statement fraud. In contrast, the frequency of CEO photographs in annual reports was found to have no significant impact. Novelty: This study highlights the critical role of dualism in leadership positions as a contributing factor to fraudulent reporting, offering new insights into corporate governance concerns specific to the Indonesian context. These results underscore the necessity for strengthened monitoring mechanisms and enhanced governance to reduce the risk of fraudulent financial reporting and support the integrity of financial disclosures.

S. Rustini and E. Siskaningrum, Modul paket keahlian akuntansi sekolah menengah kejuruan (smk). pusat pengembangan dan pemberdayaan pendidik dan tenaga kependidikan bisnis dan pariwisata, Direktoral Jenderal Pendidik dan Tenaga Kependidikan., 2016.

N. A. Purwaningtyas and S. Ayem, “Analisis Fraud Pentagon dalam mendekteksi kecurangan laporan keuangan (studi kasus pada perusahaan perbankan yang terdaftar di BEI Periode Tahun 2014-2018),” Jurnal Kajian Bisnis, vol. 29, no. 1, pp. 67–89, 2021.

R. D. Agustina and D. Pratomo, “Pengaruh Fraud Pentagon dalam mendeteksi kecurangan pelaporan keuangan (studi pada perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia Periode 2013-2017),” Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), vol. 3, no. 1, pp. 44–62, 2019, doi: https://doi.org/10.31955/mea.vol3.iss1.pp44-62.

S. A. Faradiza, “Fraud Pentagon dan kecurangan laporan keuangan,” EkBis: Jurnal Ekonomi dan Bisnis, vol. 2, no. 1, pp. 1–22, 2019.

Y. Septriani and D. Handayani, “Mendeteksi kecurangan laporan keuangan dengan analisis Fraud Pentagon,” Jurnal Akuntansi Keuangan dan Bisnis, vol. 11, no. 1, pp. 11–23, May 2018.

Syarifa Melya Ningsih and Nini Sumarni, “Analisis Fraud Pentagon dalam mendeteksi kecurangan laporan keuangan pada sektor perusahaan manufaktur akan terdaftar di BEI 2018-2022,” Akuntansi Pajak dan Kebijakan Ekonomi Digital, vol. 1, no. 4, pp. 01–17, Aug. 2024, doi: 10.61132/apke.v1i4.455.

F. Rianggi and Novita, “Fraud Hexagon dan fraudulent financial statement dengan pendekatan beneish M-Score Model,” Jurnal Akuntansi Universitas Jember, vol. 21, no. 2, pp. 69–83, 2023.

A. Widiastika and J. Junaidi, “Fraud Pentagon dalam mendeteksi kecurangan laporan keuangan,” Jurnal Akuntansi, Keuangan, dan Manajemen, vol. 3, no. 1, pp. 83–98, Dec. 2021, doi: 10.35912/jakman.v3i1.747.

M. C. Jensen and W. H. Meckling, “Theory of the firm: managerial behavior, agency costs and ownership structure,” J financ econ, vol. 3, no. 4, pp. 305–360, 1976.

N. A. Purwaningtyas and S. Ayem, “Analisis Fraud Pentagon dalam mendeteksi kecurangan laporan keuangan,” Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha, vol. 29, no. 1, pp. 69–91, Jan. 2021, doi: 10.32477/jkb.v29i1.239.

N. Kholis, “Mendeteksi kecurangan laporan keuangan dengan analisis teori Fraud Pentagon,” Nadiva, Permata Adnazara, vol. 8, no. 2, pp. 70–81, 2022.

D. R. Cressey, “Other people’s money; a study of the social psychology of embezzlement.,” 1953.

S. Hermawan and S. Biduri, Akuntansi keperilakuan. Indomedia Pustaka, 2019.

A. P. N. Aulia Haqq and G. S. Budiwitjaksono, “Fraud Pentagon for detecting financial statement Fraud,” Journal of Economics, Business, & Accountancy Ventura, vol. 22, no. 3, pp. 319–332, Feb. 2020, doi: 10.14414/jebav.v22i3.1788.

H. Crowe, “Putting the Freud in Fraud: why the Fraud Triangle is no longer enough In Horwarth,” 2011.

H. Oktaviani and D. F. Istiqomah, “Teori Fraud Pentagon: peran dalam mendeteksi kecurangan laporan keuangan (studi pada perusahaan sektor keuangan tahun 2018-2020),” Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi, vol. 7, no. 2, pp. 190–200, Sep. 2022, doi: 10.24815/jimeka.v7i2.20778.

Evaldiana Adelia, Wilhelmina Mitan, and Fransiscus De Romario, “Analisis Fraud Pentagon dalam mendeteksi kecurangan laporan keuangan (studi kasus pada perusahaan sektor healthcare yang terdaftar di Bursa Efek Indonesia Tahun 2021),” Student Scientific Creativity Journal, vol. 1, no. 5, pp. 413–438, Aug. 2023, doi: 10.55606/sscj-amik.v1i5.2113.

F. R. Siddiq, F. Achyani, and Zulfikar, “Fraud Pentagon dalam mendeteksi financial statement Fraud,” Seminar Nasional Dan the 4Th Call for Syariah Paper, pp. 1–14, 2017.

A. R. Putra and Y. A. Kusnoegroho, “Pengujian Fraud Pentagon dalam mendeteksi kecurangan laporan keuangan,” AFRE (Accounting and Financial Review), vol. 4, no. 2, pp. 172–185, Dec. 2021, doi: 10.26905/afr.v4i2.6269.

U. P. Lestari and F. D. Jayanti, “Pendeteksian kecurangan laporan keuangan dengan analisis Fraud Pentagon,” Jurnal Proaksi, vol. 8, no. 1, pp. 38–49, 2021.

M. B. M. Mintara and A. N. S. Hapsari, “Pendeteksian kecurangan pelaporan keuangan melalui Fraud Pentagon framework,” Perspektif Akuntansi, vol. 4, no. 1, pp. 35–58, May 2021, doi: 10.24246/persi.v4i1.p35-58.

E. Ratnasari and B. Solikhah, “Analisis kecurangan laporan keuangan: pendekatan Fraud Pentagon Theory,” Gorontalo Accounting Journal, vol. 2, no. 2, pp. 98–112, 2019.

D. E. Pratiwi and A. Rohman, “Pengaruh Independensi, Skeptisme Profesional, Pengalaman Audit, Kualitas Audit, Audit Tenure, dan Prosedur Audit terhadap tanggung jawab auditor dalam mendeteksi kecurangan pada laporan keuangan.,” Diponegoro Journal Of Accounting, vol. 10, 2021.

P. S. A. Sari and N. S. Primasari, “Pendeteksian Fraudulent Financial Statement melalui analisis Fraud Pentagon Theory dengan manajemen laba sebagai variabel moderasi,” National Conference for Ummah, 2020.

D. D. Yanti and Munari, “Analisis Fraud Pentagon terhadap kecurangan laporan keuangan pada sektor perusahan manufaktur,” Jurnal Akuntansi, vol. 17, no. 1, pp. 31–46, 2021.

A. Nabila, “Analisis pengaruh Fraud Pentagon terhadap kecurangan laporan kuangan (studi empiris pada perusahaan manufaktur yang terdaftar di BEI periode 2016-2018),” Universitas Islam Indonesia, 2020.

• VIEW ARTICLE

This work is licensed under a Creative Commons Attribution 4.0 International License.