Abstract
This study aimed to analyze the factors that encourage financial statement fraud with analysis of diamond fraud theory. This research analyzes the influence of variable pressure proxied by financial targets, financial stability, external pressure, personal financial need, the opportunity proxied by nature of industry, ineffective monitoring, razionalization proxied by audit opinion, and the capability to replace any directors proxies against financial statements fraud. The sample in this research are 105 samples of banking companies listed on Indonesia Stock Exchange in the period 2014-2016. The results showed that the variable of financial targets as measured by return on asset, external pressure as measured by the leverage ratio, personal financial need as measured by the ownership of shares by the board of commission influence the financial statements fraud. The study did not found financial stability pressures as measured by the ratio of change total asset, ineffective monitoring as measured by the ratio of affiliated commissioner, nature of industry as measured by the ratio of change receivables, the audit opinion as measured by obtaining unqualified opinion with explanatory language, and capability as measured by changes of directors influence on fraudulent financial statements.
Highlights
This study aimed to analyze the factors that encourage financial statement fraud with analysis of diamond fraud theory
The results showed that the variable of financial targets as measured by return on asset, external pressure as measured by the leverage ratio, personal financial need as measured by the ownership of shares by the board of commission influence the financial statements fraud
Hasil temuan ini sejalan dengan penelitian yang dilakukan Annisya et al, (2016) dan Sihombing (2014) yang menyatakan bahwa perubahan direksi tidak mempunyai pengaruh signifikan terhadap financial statement fraud
Summary
Pengaruh Opini Audit (Wajar Tanpa Pengecualian dengan Bahasa Penjelas) terhadap Financial Statement Fraud. Hal ini karena rasionalisasi merupakan suatu pembenaran atas apa yang dilakukan pelaku kecurangan terhadap apa yang telah dilakukannya. Opini tersebut merupakan bentuk tolerir dari auditor atas manajemen laba (Fimanaya dan Syafruddin 2014). Dengan diberikan opini tersebut yang berarti mentolelir manajemen laba melalui bahasa penjelas, memungkinkan manajemen untuk bersikap rasionalisasi atau mengklaim bahwa apa yang dilakukannya bukanlah sesuatu yang salah. Opini audit wajar tanpa pengecualian dengan bahasa penjelas berpengaruh positif terhadap financial statement fraud. Perubahan ini dapat bersifat positif, apabila perubahan direksi tersebut bertujuan untuk mengganti direksi lama dengan direksi baru yang mempunyai kemampuan dan kompeten lebih dari direksi yang lama. Hal ini karena direksi baru belum tahu sepenuhnya mengenai perusahaan, yang berujung pada kinerja yang tidak efektif, sehingga membuka peluang untuk melakukan fraud
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