Analysis of the Effect of Hexagon Fraud on Financial Statements Fraud in Manufacturing Companies Listed on the IDX in 2018-2020
- 1. Faculty of Economics and Business, University of Muhammadiyah Surakarta,
- 2. Faculty of Economics and Business, University of Muhammadiyah Surakarta
Description
: This study aims to determine the effect of the fraud hexagon model, namely pressure proxied by financial targets, capability proxied by change in director, opportunity proxied by ineffective monitoring, rationalization proxied by change in auditor, arrogance proxied by the frequent number of CEO's pictures, collusion proxied by the governance project against financial statement fraud. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2018-2020. This study uses secondary data in the form of financial reports and annual reports. The sample was taken using the purposive sampling method with the results obtained by 126 companies out of a total of 193 listed companies and analyzed using multiple linear regression using the SPSS 26 program. The results of this study indicate that the pressure element is proxied by financial targets and the arrogance element is proxied by frequent number of CEO's picture influences financial statement fraud. Meanwhile, change in directors, ineffective monitoring, change in auditors, and governance projects have no effect on financial statement fraud in manufacturing companies listed on the IDX in 2018-2020.
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References
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